# Atlantis Resources to sell 50% stake in Canadian JV to DP Energy

Atlantis Resources has entered a conditional agreement to sell its 50% stake in its Canadian joint venture to partner DP Energy. The cash deal allows Atlantis to focus on opportunities in the UK, Europe and Asia.

- Type: Acquisition
- Announced: 2018-01-05
- Where: Nova Scotia, Canada
- Status: announced
- Products: tidal power generation equipment, turbine systems, subsea connection equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Atlantis Resources](https://endata.com/companies/28818.md)
- [DP Energy](https://endata.com/companies/29211.md) (acquirer)
- [Atlantis Operations Canada](https://endata.com/companies/29272.md) (target)

## Sources

- [proactiveinvestors.co.uk](https://www.proactiveinvestors.co.uk/companies/news/189568/atlantis-resources-set-to-sell-its-stake-in-canadian-joint-venture-to-partner-dp-energy-189568.html), 2018-01-05: "I am pleased that we have agreed this sale with DP Energy."
- [power-technology.com](https://www.power-technology.com/news/atlantis-divest-50-stake-aocl-dp-energy/), 2018-01-09: "Atlantis has agreed to divest a 50% stake in its joint venture Atlantis Operations Canada (AOCL) to its partner DP Energy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.