Algonquin up on pursuing sale of renewable unit; CEO steps down

Algonquin Power & Utilities

10/08/2023 13:27

** U.S.-listed shares of Algonquin Power & Utilities  AQN.N  up
4.4% at $8.10 in premarket trade
** Co to pursue sale of its renewable unit
** Proceeds from sale to reduce co's debt, fund share
repurchases
** Separately, AQN says Arun Banskota is stepping down as CEO,
board appoints Chris Huskilson as interim CEO
** As of last close, U.S.-listed shares AQN shares flat YTD

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))