Just Energy Announces Sale of Assets in Georgia and the Closing of the Sale of the Irish Business
JUST ENERGY GROUP (JE)
Last just energy group earnings: 2/10 07:00 am
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justenergygroup.com
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Source: GlobeNewswire
Closing of the sale of Irish business and sale of Georgia assets further advances efforts to streamline the organization.Cost control efforts implemented in fiscal 2019 and earlier in fiscal 2020 have begun to yield results; total annualized cost savings initiatives announced so far in fiscal 2020 of approximately C$60 million, net of costs associated with severance and the strategic review process.Just Energy remains actively engaged in its strategic review process for its core North American business. TORONTO, Dec. 31, 2019 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (“Just Energy” or “the Company”) (TSX:JE) (NYSE:JE) announces that it has sold all of its customer contracts and natural gas in storage in the State of Georgia to Infinite Energy for approximately US$3.4 million (approximately C$4.4 million), subject to customary adjustments. The Georgia market has limited growth possibility and was sub-scale for Just Energy. In addition, the Company has closed the previously announce
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