Laclede Flips New England Gas Utility

Less than two months after agreeing to buy a Massachusetts natural gas utility, Laclede Group Inc. is flipping the business for what appears to be a significant profit.

St. Louis-based Laclede purchased New England Gas Co. for $60 million in December and this week said it is selling the utility for $74 million. Laclede said the transaction won’t affect it related $975 million purchase of Missouri Gas Energy.

Read more from the St. Louis Business Journal

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