Southwest Gas infrastructure services unit Centuri files for IPO (NYSE:SWX)

Southwest Fuel (NYSE:SWX) disclosed plans Friday to maneuver ahead with an IPO for its infrastructure providers enterprise, two years after first saying its intention for the spinoff following a problem by activist investor Carl Icahn.

Centuri Holdings, which builds and maintains vitality networks that energy hundreds of thousands of houses and companies throughout the U.S. and Canada, plans to checklist on the NYSE below the CTRI image.

Southwest Fuel (SWX) stated in 2022 that it might spin off the unit to give attention to its regulated pure gasoline enterprise, after reaching a settlement with Icahn.

The timing, variety of shares to be supplied and the worth vary for the proposed providing haven’t but been decided.

Icahn Enterprises (IEP) owns ~15% of Southwest Fuel (SWX), in response to Bloomberg knowledge.