June 13, 2018 / 12:06 PM / in 2 months

AltaGas sells 35 pct stake in hydro projects for C$922 mln

June 13 (Reuters) - Canadian utility AltaGas Ltd said on Wednesday it would sell a 35 percent stake in the Northwest British Columbia Hydro Electric Facilities for C$922 million ($707.87 million).

The sale to a joint venture owned by Axium Infrastructure Inc and Manulife Financial Corp is part of a plan to raise C$2 billion related to the company’s acquisition of U.S.- based utility WGL Holdings Inc. ($1 = 1.3025 Canadian dollars) (Reporting by Karan Nagarkatti in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below