Algonquin Power & Utilities to acquire Bermuda Electric Light Company for $365M

Algonquin Power & Utilities Corp. agreed to acquire Ascendant Group Limited, parent of Bermuda Electric Light Company, for $365 million in cash. The transaction is expected to close in late 2019.

“Transaction continues APUC's growth program through further expansion of its regulated utility business in a high quality jurisdiction.”prnewswire.com

• 1 source
• prnewswire.comAlgonquin Power & Utilities Corp. Agrees to Acquire Bermuda Electric Light CompanyAlgonquin Power, Utilities Corp.Jun 3, 2019

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