|
|
Article: Canada : AltaGas Income Trust Closes AltaGas Utility Group Acquisition.
- Article from:
- TendersInfo
- Article date:
- October 10, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
AltaGas Income Trust (AltaGas or the Trust) (TSX:ALA.UN) and AltaGas Utility Group Inc. (Utility Group) (TSX:AUI) are pleased to announce the successful completion of the acquisition of Utility Group by AltaGas.
"I am pleased to increase our investment in Utility Group. Its high quality utility infrastructure businesses, serving over 71,000 customers, have grown rate base by 15 percent over the past four years" said David Cornhill, Chairman and CEO of AltaGas. "We welcome the Utility Group employees back under the Trust umbrella and look forward to supporting them as they continue to provide excellent safe, reliable service and growth."
Patricia Newson, ...