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home / news releases / ATGFF - AltaGas: Crystallizing Shareholder Value With Alaskan Utilities Sale

ATGFF - AltaGas: Crystallizing Shareholder Value With Alaskan Utilities Sale

AltaGas Ltd
  • AltaGas disposes of its Alaskan utilities for total proceeds of $800m (~C$1.0bn) to privately held TriSummit Utilities.
  • The favorable valuation was a positive surprise given the growth profile and should accelerate the multi-year deleveraging path.
  • The stock trades at a relative discount to utilities peers, leaving ample room for a re-rate as the company continues to accretively recycle capital.

For further details see:

AltaGas: Crystallizing Shareholder Value With Alaskan Utilities Sale
Stock Information
Company Name: AltaGas Ltd
Stock Symbol: ATGFF
Market: OTC
Website: altagas.ca
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