Canada:
EPCOR Acquires Collus Powerstream From Town Of Collingwood
08 October 2018
Gowling WLG
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On Oct. 3, 2018, the Town of Collingwood announced that it had
sold its electrical utility Collus Powerstream to EPCOR Utilities
Inc., following the successful completion of two share purchase
transactions.
First, the Town purchased Alectra Utilities Corp.'s 50%
stake in Collingwood PowerStream. Alectra was formerly called
PowerStream and purchased 50% of the Collus shares from the Town in
2012.
Second, EPCOR purchased all of the Collus shares from the
Town.
Gowling WLG advised Alectra with respect to the sale of its 50%
stake with a team that included Robert Hull (corporate) and Paul
Carenza (tax).
Read the original article on GowlingWLG.com.
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