(Il Sole 24 Ore Radiocor) - Milano, 15 apr - Spire said it had agreed to sell its natural gas storage assets in Wyoming and Oklahoma to investment firm I Squared Capital for 650 million dollars.

The deal includes 600 million dollars in cash at closing and a 50 million fixed, non-contingent deferred payment to be received in Spire's fiscal 2027.

Missouri-based Spire said it will use the proceeds to partially fund its acquisition of the Piedmont Natural Gas Tennessee business, which closed on March 31.

"This transaction represents another important step in sharpening our focus on our core regulated natural gas utility businesses," Spire president and CEO Scott Doyle said.

The deal is expected to close in the second half of Spire's.

fiscal year 2026.

(RADIOCOR) 15-04-26 14:11:31 (0437) 5 NNNN