Algonquin Power & Utilities Corp. Announces Its Support for Energy Capital Partners’ Proposed Acquisition of Atlantica
AQN Makes Progress Towards Strategic Transformation to Pure-Play Regulated Utility
OAKVILLE, ON, May 28, 2024 /PRNewswire/ – Algonquin Power & Utilities Corp. (TSX:AQN) (NYSE: AQN) (“AQN” or the “Company”) today announced it has entered into a support agreement (the “Support Agreement”) with a private limited company (“Bidco”), which is controlled by Energy Capital Partners, and Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica”). AQN and its subsidiary Liberty (AY Holdings) B.V., which holds approximately 42.2% of the shares of Atlantica, have agreed, subject to the terms of the Support Agreement, to cause such shares to be voted in favour of a transaction agreement (the “Transaction Agreement”) separately announced today by Atlantica and Bidco.