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Algonquin Power & Utilities Corp. (AQN)
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Atlantica Sustainable Infrastructure plc (AY)
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Algonquin Power & Utilities Corp. (AQN)
Q: Hi there,
I’m a longtime holder of both these names.
I understand AQN is a very large shareholder of AY. I read today that a sale of AY is maybe imminent. AY has been moving up last few days.
Please update this, I’d like to know details, the likely sale price/share range, and the effect on share prices of both company.
Thank you!
I’m a longtime holder of both these names.
I understand AQN is a very large shareholder of AY. I read today that a sale of AY is maybe imminent. AY has been moving up last few days.
Please update this, I’d like to know details, the likely sale price/share range, and the effect on share prices of both company.
Thank you!
5i Research Answer:
AQN owns 42% of AY, worth US$1.044B at today's price. This compares with AQN current market cap...