AES Sheds Minor Portion Of Dominican Republic & Panama Businesses
Portfolio Pulse from Lekha Gupta
AES Corp has announced minority sell-downs of its businesses in the Dominican Republic and Panama. The company will sell 10% of its Dominican Republic business to Grupo Linda and AFI Popular, and 20% of AES Colón in Panama to Grupo Linda. The transactions will provide AES with $190 million, helping it meet its asset sale proceeds target for the year. These transactions also secure all planned external funding for AES for 2023.
September 27, 2023 | 11:25 am
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AES Corp's minority sell-downs in the Dominican Republic and Panama will provide the company with $190 million, helping it meet its asset sale proceeds target for the year and secure all planned external funding for 2023.
The sell-downs will provide AES with significant proceeds, helping it meet its asset sale proceeds target for the year. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the company's stock price.
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