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AVANGRID Completes Sale of Gas Trading Business to Castleton Commodities International LLC

AVANGRID INC (AGR)  More Company Research Source: Business Wire
Last avangrid inc earnings: 7/24 07:00 am Check Earnings Report
PDF ORANGE, Conn.--(BUSINESS WIRE)-- AVANGRID, Inc. (NYSE: AGR), a diversified energy and utility company, today announced that its wholly owned subsidiary, Avangrid Renewables Holdings, Inc., has completed the sale of Enstor Energy Services, LLC, to a subsidiary of Castleton Commodities International LLC. Enstor Energy Services, based in Houston, Texas, is a limited proprietary trading business that provides structured products and hedging services. Castleton Commodities International (CCI) is a global commodities merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations and development of commodities-related upstream and infrastructure assets. “The sale of the Enstor gas trading business to CCI is consistent with the results of our recent strategic review, and it will help AVANGRID maintain its focus on its core utility [Read more]

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