AES Announces Minority Sell-Downs Of LNG Businesses In The Dominican Republic And Panama
Portfolio Pulse from Benzinga Newsdesk
AES Corporation has agreed to minority sell-downs of its businesses in the Dominican Republic and Panama, expanding its strategic partnership with Grupo Linda and forming a new partnership with Grupo Popular's subsidiary, AFI Popular. The sell-down agreements will provide collective proceeds of $190 million to AES, helping the company achieve its asset sale proceeds target for the year. The company has secured all external funding included in its 2023 capital plan.
September 26, 2023 | 8:26 pm
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AES Corporation's minority sell-downs of its businesses in the Dominican Republic and Panama will provide the company with $190 million, helping it achieve its asset sale proceeds target for the year and secure all external funding for its 2023 capital plan.
The sell-down agreements will provide AES with significant proceeds, helping the company achieve its asset sale proceeds target for the year. This is a positive development for the company as it indicates successful execution of its strategic plans, which could boost investor confidence and potentially lead to a short-term increase in the company's stock price.
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