Secure Energy Services Shares Rise on C$1.08 Billion Asset Sale
Provided by
Dow Jones
By Adriano Marchese
Shares of Secure Energy Services were higher Monday morning after it agreed to sell 30 energy waste treatment and disposal facilities to Waste Connections for 1.08 billion Canadian dollars ($795 million).
At 9:34 a.m. ET, shares were trading 7.9% higher at C$8.49.
The disposal by Secure Energy is part of the Canadian Competition Tribunal-mandated divestitures after it merged with environmental and energy services company Tervita.
The assets include 18 treatment, recovery and disposal facilities, six landfills, four saltwater disposal injection wells and two disposal caverns.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 11, 2023 09:53 ET (14:53 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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