{"id":17255,"date":"2019-10-21T16:00:12","date_gmt":"2019-10-21T20:00:12","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/psp-alberta-teachers-to-buy-canadian-natural-gas-and-renewables-company-137694"},"modified":"2019-10-21T16:00:12","modified_gmt":"2019-10-21T20:00:12","slug":"psp-alberta-teachers-to-buy-canadian-natural-gas-and-renewables-company","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/10\/21\/psp-alberta-teachers-to-buy-canadian-natural-gas-and-renewables-company\/","title":{"rendered":"PSP, Alberta Teachers\u2019 to buy Canadian natural gas and renewables company"},"content":{"rendered":"\n<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2017\/08\/Natural-Gas.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"PSP, Alberta Teachers\u2019 to buy Canadian natural gas and renewables company\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;October 21, 2019 <\/p>\n<p>The Public Sector Pension Investment Board and the Alberta Teachers\u2019 Retirement Fund Board are acquiring&nbsp;all issued and outstanding common shares of&nbsp;AltaGas Canada Inc.<\/p>\n<p>The Canadian company holds&nbsp;natural gas distribution utilities, as well as renewable power generation assets.<\/p>\n<p>In the transaction, the&nbsp;cash&nbsp;offering&nbsp;of $33.50 per common share is an approximate 31 per cent premium on AltaGas\u2019 closing price as of Oct. 18, 2019. The deal puts the company value at around&nbsp;$1.7 billion.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/psp-acquiring-australian-agriculture-firm-for-a854-million-136576\">PSP acquiring Australian agriculture firm for A$854 million<\/a><\/strong><\/p>\n<p>\u201cWe are very pleased to have entered into an agreement to acquire ACI in partnership with ATRF,\u201d said Patrick Samson, managing director&nbsp;and head of infrastructure at PSP Investments, in a press release. \u201cACI\u2019s business comprises a diversified portfolio of high-quality regulated natural gas utilities and long-dated contracted renewable power assets that are well aligned with our long-term investment strategy. We look forward to supporting the company, its management team and all of its stakeholders as ACI continues to grow and succeed.\u201d<\/p>\n<p>Currently, the deal is subject to shareholder approval, as well as certain regulatory approvals by the Alberta government.<\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/psp-alberta-teachers-to-buy-canadian-natural-gas-and-renewables-company-137694\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;October 21, 2019 The Public Sector Pension Investment Board and the Alberta Teachers\u2019 Retirement Fund Board are acquiring&nbsp;all issued and outstanding common shares of&nbsp;AltaGas Canada Inc. The Canadian company holds&nbsp;natural gas distribution utilities, as&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17255"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17255"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17255\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}