Middlesex water announces subsidiary sale

Iselin, n.j., aug. 30, 2021 (globe newswire) -- middlesex water company (nasdaq:msex) today announced it has agreed to sell its regulated delaware wastewater utility business to artesian wastewater management, inc. (artesian) for $6.4 million in cash and other consideration. artesian is a wholly-owned subsidiary of artesian resources corporation. the transaction is subject to approval by the delaware public service commission and other customary closing conditions, and is expected to be finalized prior to december 31, 2021.
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