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On May 30, 2011, it was announced that Fortis has plans to acquire Central Vermont Public Service, an electric utility in the US state of Vermont, for US$700 million, pending stockholder and regulatory approval; this acquisition would be Fortis' first utility acquisition in the United States. [7] Gaz Métro offered a higher price and acquired ...
Énergir distributes approximately 97% of the gas consumed in Québec. Its underground network spans more than 10,000 km (6,200 mi) and serves more than 205,000 customers. Énergir's subsidiary Vermont Gas Systems is the sole gas distributor in the state of Vermont. It serves over 50,000 customers. [17]
Fortis encountered severe problems in the financial crisis of 2008, not least as a consequence of participating in 2007 in the joint acquisition of ABN AMRO together with Royal Bank of Scotland Group and Banco Santander. It received an emergency bailout from the governments of Belgium and the Netherlands and was broken up soon thereafter. As a ...
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File:Fortis Inc logo.svg This page was last edited on 6 September 2024, at 11:35 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
The company, formerly known as Fortis, Inc., was spun off from Dutch and Belgian financial-services company Fortis Insurance N.V. in 2004. The company's initial public offering on Feb. 5, 2004 at $1.76 billion was the fourth largest that year. In connection with the public offering, the company changed its name to Assurant, Inc. [4] [5]