Entergy Announces Agreement To Sell Gas Distribution Business To Bernhard Capital Partners For ~$484M In Cash
Portfolio Pulse from Benzinga Newsdesk
Entergy Corporation (ETR) has announced an agreement to sell its gas distribution business to Bernhard Capital Partners for approximately $484 million in cash.
October 30, 2023 | 12:24 pm
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Entergy's sale of its gas distribution business to Bernhard Capital Partners could potentially free up capital and streamline operations.
The sale of Entergy's gas distribution business could be seen as a positive move by investors. The cash influx from the sale could be used to pay down debt, invest in growth initiatives, or return capital to shareholders. Additionally, the sale could help streamline operations and allow the company to focus on its core businesses.
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