Financial Times Reported Earlier, Carlyle To Sell Cogentrix Energy To Quantum Capital In $3B Deal
Portfolio Pulse from charles@benzinga.com
Carlyle Group is set to sell Cogentrix Energy to Quantum Capital in a $3 billion deal, as reported by the Financial Times.
August 05, 2024 | 9:22 am
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Carlyle Group is selling Cogentrix Energy to Quantum Capital for $3 billion. This divestiture could positively impact Carlyle's stock by providing liquidity and potentially improving its balance sheet.
The sale of Cogentrix Energy for $3 billion will provide Carlyle Group with significant liquidity, which could be used for further investments or debt reduction, potentially boosting investor confidence and stock price.
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