AES Sells 30% Stake In AES Ohio To CDPQ For $546M, Boosting AES Ohio's Future
Portfolio Pulse from Benzinga Newsdesk
AES Corporation has sold a 30% stake in AES Ohio to CDPQ for $546 million. This transaction is expected to enhance AES Ohio's future prospects.
September 17, 2024 | 11:08 am
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AES Corporation has sold a 30% stake in its subsidiary AES Ohio to CDPQ for $546 million. This move is likely to provide AES Ohio with better growth opportunities and financial stability.
The sale of a significant stake in AES Ohio to a reputable investor like CDPQ is likely to provide AES Ohio with additional resources and strategic support, potentially leading to improved performance and growth. This is positive for AES as it strengthens its subsidiary's position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90