AltaGas offered resources in Canada and a U.S. for $560 million

AltaGas Ltd. says it has sealed deals to sell about $560 million value of healthy gas midstream resources and appetite generating resources to dual buyers.

Birch Hill Equity Partners Management Inc. has concluded to compensate $165 million for a organisation of smaller scale gas midstream and appetite resources in Canada, as good as a blurb and industrial patron portfolio in Canada.

The transaction also includes a 43.7 million shares of Tidewater Midstream and Infrastructure Inc., that AltaGas holds.

In a second transaction, AltaGas says it will sell a San Joaquin appetite resources in California to a auxiliary of Avenue Capital for roughly $400 million.

The resources embody a Tracy, Hanford and Henrietta plants totalling 523 megawatts of generating capacity.

AltaGas says a deduction from a sales will be used to repay debt associated to a merger of Washington, D.C.-based appetite application association WGL Holdings, Inc., that sealed in July.

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Article source: https://www.cbc.ca/news/canada/calgary/altagas-noncore-asset-sales-1.4817115?cmp=rss