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Article: Canada : AltaGas Income Trust to acquire 75.1% stake in Heritage Gas.
- Article from:
- TendersInfo
- Article date:
- November 5, 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)
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Byline: manish03
AltaGas Income Trust, a integrated energy infrastructure and services organization, through its subsidiary AltaGas Utility Group, Inc. has entered into an agreement to acquire 75.1% of the outstanding shareholder debt and common shares of Heritage Gas Limited from SaskEnergy Incorporated and Scotia Investments Limited for CAD109.8 million ($101.67 million). All the parties are based in Canada. SaskEnergy is engaged in providing natural gas distribution, transmission and storage services. Scotia Investments is an investment holding company. Heritage Gas is engaged ...
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... ... distribution network. Heritage Gas, a company formed ... and Halifax-based Scotia Investments, announced last week ... Board recommended Heritage Gas be given a 25-year ... Hants counties. "Heritage Gas partners have 50 years ...
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