bcIMC to boost its stake in Aquarion to 45%
- From: Vol 12, Issue 8 (August 2011)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Aquarion, British Columbia Investment Management and Thames Water
Fresh from upping its stake in Thames Water, British Columbia Investment Management is close to relieving Macquarie of a portion of its interest in Aquarion. The deal will simplify the ownership structure.
Final regulatory approval for the acquisition of a 33.33% stake in Aquarion by British Columbia Investment Management (bcIMC) is expected to come through on 24 August from the Connecticut Department of Public Utility Control.
New Hampshire has already given the deal the green light, and a senior source at Aquarion confirmed to GWI that the draft decision from the ...
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