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Stock Market & Financial Investment News

News Breaks
February 1, 2013
08:01 EDTAESAES Corp. to sell Ukraine assets to VS Energy International
The AES Corporation announced that it has agreed to sell its two power distribution businesses in Ukraine to VS Energy International. Under the agreement, AES will sell its 89.12% equity interest in AES Kyivoblenergo, which serves 881,000 customers in the Kiev region, and its 84.56% equity interest in AES Rivneoblenergo, which serves 412,000 customers in the Rivne region. The transaction is expected to close by mid-2013 and is subject to local regulatory approval. Both AES Kyivoblenergo and AES Rivneoblenergo will continue operations, supplying energy to customers and working constructively with all stakeholders.
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