AES and AIMCo to buy solar developer sPower for $853 mln: Reuters
U.S. power utility company AES Corp said it would buy a privately-held company that builds utility-scale solar projects, along with Canadian pension fund manager Alberta Investment Management Corp (AIMCo), for US$853 million, Reuters reported. The deal to buy FTP Power LLC, popularly known as sPower, from U.S. hedge fund Fir Tree Partners also includes US$724 million in debt. AES and AIMCo will each directly purchase and own slightly below 50 percent equity interests in the business.
24 February 2017•1 min read
