ATCO to buy Mexican dam from Conduit Capital for $114 mln

Canadian Utilities Ltd, an affiliate of ATCO Group, has agreed to buy Electricidad del Golfo, owner of a 35 megawatt hydroelectric power station in the state of Veracruz, Mexico. The acquisition, valued at about $114 million, including debt, is expected to close in the first quarter of 2018. The seller is Conduit Capital Partners, a U.S. energy infrastructure private equity firm. ATCO, a Calgary-based diversified holding company, said the deal develops its portfolio of electricity assets and reinforces its position in Mexico's energy market.

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