The company says a deal to sell its renewable energy business is expected to close in late 2024 or early 2025.
Algonquin says a deal to sell its renewable energy business is expected to close in late 2024 or early 2025.) fell sharply in early trading on Friday as the company slashed its dividend by 40 per cent. At the same time, Algonquin says it has struck a deal to sell its renewable energy business for up to US$2.5 billion. Both moves follow the company’s plan to narrow its focus as a “pure-play” utility.
On Friday, Algonquin also announced a long-awaited deal to sell its renewable energy business. New York-based LS Power has agreed to purchase the assets for up to US$2.5 billion, excluding debt. Algonquin says the deal is expected to close in the fourth quarter of 2024 or the first quarter of 2025. The company says the proceeds will go towards recapitalizing its balance sheet.
Jake Cesare couldn’t put it off any longer. On Friday morning, the 17-year-old reported to the first day of his senior year at Westfield High School. He was a day late. Cesare had other business to attend to when the doors opened at Westfield on Thursday. After two… Three Lions Under-21s head coach will take charge of next month’s Nations League matches and could remain in post throughout the autumn
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