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Fortis Inc. is a St. John's, Newfoundland and Labrador-based international diversified electric utility holding company. It operates in Canada , the United States , Central America , and the Caribbean .
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Fortis, formally Fortis N.V./S.A., was a Benelux-centered global financial services group active in insurance, banking and investment management, initially formed in 1990 by a three-way Belgian-Dutch merger and headquartered in Brussels.
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On February 9, 2016, it was announced that Fortis Inc., a Canadian utility company based in St. John's, Newfoundland and Labrador, will buy ITC Holdings for about $6.9 billion. The utility operator will also assume $4.4 billion in debt in cash and stock deal. Fortis said it intends to retain all ITC employees and that ITC will continue as a ...
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The company, formerly known as Fortis, Inc., was spun off from Dutch and Belgian financial-services company Fortis Insurance N.V. in 2004. The company's initial public offering on Feb. 5, 2004 at $1.76 billion was the fourth largest that year. In connection with the public offering, the company changed its name to Assurant, Inc. [4] [5]
FortisBC Energy Inc. is a subsidiary of Fortis Inc., a Canadian, investor-owned corporation. 1952: Inland Natural Gas was incorporated to distribute natural gas throughout the interior of British Columbia. The company purchased St. John Oil and Gas, Peace River Transmission, Canadian Norther