Agra contemplates acquisition of European engineering firm

Article Abstract:

Agra Inc., a Calgary, Canada-based engineering and construction company, is planning to acquire an unnamed European petrochemical engineering firm that makes C$200 million in revenues yearly. David Paterson, Agra's vice president for corporate affairs and investor relations, would not name the company or the price Agra is willing to pay. Paterson only said that the planned acquisition is one of Agra's largest ever. A final decision on the matter is expected within a number of weeks, according to Agra officials. Paterson said that Agra is ready to use different methods to acquire the engineering company if the transaction goes through.

Comment:

Is planning to acquire an unnamed European petrochemical engineering firm that makes C$200 million in revenues yearly

Strategy & planning, Construction, Agra Inc.

---

Alberta to allow power exports to Sask. despite shortages

Article Abstract:

TransAlta Utilities Corp. received permission from the Alberta Energy and Utilities Board in Alberta to construct a transmission line that will transfer electricity from power lines in Alberta to Saskatchewan. However, Energy Minister Stephen West needs to clarify whether this venture will affect the power supply of Alberta amidst recent warnings of electricity rationing after recently suffering from two significant power outages in the last six months. The Alberta administration is also attempting to convert the province in the most deregulated Canadian electricity market.

Comment:

Receives permission from the Alberta Energy and Utilities Board to construct an electricity transmission line to Saskatchewan

Electric Utilities, Electric Power Generation, Transmission and Distribution, Facilities & equipment, Saskatchewan, TransAlta Utilities Corp.

---

Similar abstracts:

• Abstracts: Manalta board accepts Luscar bid. Alberta Energy launches hostile $446-million bid for Amber. Nova buys Huntsman operations
• Abstracts: Special charge threatens health merger. Later bedtime nearer for Nasdaq traders
• Abstracts: Merger makes sense to coal rivals. Westlinks takes on oil patch players. Sunoma going public to shed debt, raise capital
• Abstracts: Canaccord snags C.M. Oliver. Canfor sees big savings from deal
• Abstracts: Visible Genetics reports gains from HIV treatment. Algene implements sweeping reorganization. Nexia Biotech produces genetically altered goat

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.