Atmos Energy Corp. (ATO: Quote) Wednesday announced a definitive agreement to sell substantially all of its natural gas distribution assets located in Georgia to Liberty Energy Corp.
The transaction includes transfer of approximately 64 thousand meters, at an all cash price of approximately $141 million.
The proceeds from this transaction will be redeployed to fund growth opportunities in the remaining jurisdictions the company serves.
The sale is expected to close during fiscal 2013, after the receipt of all necessary regulatory approvals.
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by RTT Staff Writer
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