Acquisition of Bermuda Electric Light Company - On June 3, 2019, APUC
announced an agreement to acquire, through Ascendant Group Limited (BSX: AGL.BH), the Bermuda Electric Light Company, the sole provider of regulated electrical generation, transmission and distribution services to approximately 63,000 residents and businesses in Bermuda.
's international power and utilities investment platform, AAGES, is expected to acquire Ascendant for USD 36 per common share in an all-cash transaction, representing an aggregate share purchase price of approximately USD 365m.
's Long-Term Issuer Default Rating (IDR) is 'BBB'/Stable.
The appointment, which follows a competitive tendering process run by the procurement centre of excellence, APUC
, sees the firm appointed to provide property, charity, employment and 'one-stop shop' legal advice to the higher and further education sector across England and Wales.
Chairman Hafiz Tahir Ashrafi said the reason for issuing the decree was to respond to all those who have been accusing the scholars of Islam of involvement in terrorism.
Maulana Tahir Ashrafi, in a joint press conference of All Pakistan Interfaith League and APUC
at a local hotel in Islamabad, said that earlier the APUC
formed two-committee; one committee was given task of investigating the Rimsha case and second committee was given the responsibility to rehabilitate the affected families of Meherabadi.
plans to finance the transaction in part with $45 million in proceeds from subscription receipts previously committed to by Emera Inc., and from a portion of the proceeds from a U.S.
Ian Robertson, Chief Executive Officer of APUC
, said, 'Although First Wind is a developer of high quality wind projects, the longer than anticipated regulatory process in Maine, together with the transactions we have announced since April 2011 have contributed to our decision not to proceed with the First Wind investment', commented Ian Robertson.
The common share dividend will be paid in cash or, if a shareholder has enrolled in the shareholder dividend reinvestment plan (the 'Plan'), dividends will be reinvested in additional shares ('Plan Shares') of APUC
as per the Plan.
said the acquisition of New Brunswick Gas builds on the growth strategy for Liberty Utilities' East Region through the addition of a new, high-quality utility while being immediately accretive to APUC
Diversified Portfolio of Utility Assets: LUCo accounted for two-thirds of APUC
's 2017 consolidated EBITDA and consists of a diversified portfolio of 38 regulated utility systems spread across 12 states, all located in the U.S.