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Algonquin’s Strategic Shift with Atlantica Sale
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Algonquin’s Strategic Shift with Atlantica Sale

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Algonquin Power & Utilities (TSE:AQN) has released an update.

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Algonquin Power & Utilities Corp. has successfully sold its 42.2% stake in Atlantica Sustainable Infrastructure, marking a significant step in its strategic transition to a pure-play regulated utility company. The proceeds from this sale will be utilized to reduce debt and strengthen the company’s balance sheet.

For further insights into TSE:AQN stock, check out TipRanks’ Stock Analysis page.

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