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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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October 13, 2014
06:07 EDTAESAES Corp. to sell 100% of its interents in Turkey for $125M
AES Corporation has entered into an agreement to sell its 49.62% equity interest in AES Entek Elektrik ‹retimi A.Ş., a joint venture with KO« Holding and Aygaz in Turkey, to its partners. The sale represents 100% of AESí interest in assets in Turkey, consisting of 364 MW of operating natural gas and hydroelectric facilities and its interest in a coal-fired development project, for $125M in equity proceeds to AES. This transaction is expected to close by 1Q15.
October 10, 2014
10:49 EDTAESHigh option volume stocks
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