AES to Sell 30% Stake in Ohio Operations, Partnering with CDPQ for Growth
Tuesday, 17 September 2024, 11:15
AES to Sell 30% Stake in Ohio Operations
AES Corp. is making significant strides in its growth strategy by partnering with CDPQ. The company has announced that it will sell a 30% equity interest in its Ohio operations for a substantial $546M.
Implications of the Deal
This partnership is not just about the immediate financial transaction; it sets the stage for $1.5B investment into expanding AES's operations in the region. With CDPQ backing its objectives, AES is poised for enhanced operational capability.
Future Plans
- Expansion Projects: Focusing on growth in Ohio.
- Partnership Benefits: Leveraging CDPQ's expertise.
- Investment Impact: Aiming for long-term operational excellence.
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