Unitil to acquire Maine Natural Gas from Iberdrola for $90m.

Unitil, an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine, agreed to acquire Maine Natural Gas, a utilities company based out of 9 Industrial Parkway, Brunswick, Maine, United States from Iberdrola, a multinational electricity utility company that generates, distributes, and sells electricity, for $90m. The transaction is pending the usual authorisation processes for this type of transaction, but is expected to close by the end of the year.