Algonquin Power to Move Headquarters to Chicago as Part of US Redomiciliation
Oakville, Ontario-based Algonquin Power & Utilities Corp. plans to establish its headquarters in Chicago as part of a proposed move to redomicile to the United States, while maintaining a significant presence in Oakville, the company said. The move would allow the company’s corporate structure to better align with its asset footprint, as over 80 percent […]
Algonquin Power & Utilities Corp., currently based in Oakville, Ontario, plans to move its headquarters to Chicago and redomicile to the United States. This move is intended to align the company’s corporate structure with its asset footprint, with over 80 percent of its operations already in the U.S. The redomiciliation is also expected to reduce cross-border tax inefficiencies, improve its long-term financial profile, and broaden access to capital.
- Algonquin Power & Utilities Corp. plans to move its headquarters to Chicago.
- The company proposes to redomicile to the United States.
- A significant presence will be maintained in Oakville.
- The move aims to align the corporate structure with its asset footprint (over 80% in the U.S.).
- Expected benefits include reduced cross-border tax inefficiencies and a stronger financial profile.
- The move could broaden access to capital and potentially lead to inclusion in U.S. equity indices.
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