Reuters exclusively reports Canada’s Hydro One seeking bigger M&A targets to boost customers

Last Updated on 13/10/2021 by

Business & Finance

Reuters exclusively reported that Canadian utility Hydro One was seeking deals worth up to C$500 million to boost its customer base. The story also revealed that the Ontario regulator was encouraging more mergers in the sector in order to help reduce power bills for customers. Hydro One was hiring more M&A bankers to execute its strategy. 

Market Impact

Hydro Stock fell more than 1.2% after the Reuters story was published, while the broader market rose.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: North America

Countries: Canada

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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