Spire To Sell Gas Storage Assets To I Squared For $650 Mln

Spire Inc. agreed to sell its natural gas storage assets to I Squared Capital for $650 million. The transaction is a material portfolio monetization that could strengthen Spire's balance sheet and sharpen its focus on core utility operations. The deal is notable at the company level, though not broad enough to have major sector-wide implications.

Analysis

Spire Inc. agreed to sell its natural gas storage assets to I Squared Capital for $650 million. The transaction is a material portfolio monetization that could strengthen Spire's balance sheet and sharpen its focus on core utility operations. The deal is notable at the company level, though not broad enough to have major sector-wide implications.