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Stock Market & Financial Investment News

News Breaks
June 25, 2014
16:32 EDTAESAES Corp. sells minority stake in Masinloc Power Plant to EGCO Group
The AES Corporation announced that it has entered into an agreement to sell 45% of its interest in Masin-AES Pte Ltd, a wholly-owned subsidiary of AES that owns AESí business interests in the Philippines, to Electricity Generating Public Company Limited, a Thailand-based Independent Power Producer, for $453M. The sale includes indirect stakes in the following: the 630 MW Masinloc coal-fired power plant in operation since 1998; expansion of the existing Masinloc facility; and approximately 60 MW of potential energy storage projects in advanced development. After the sale, AES will own a 51% net stake in Masinloc, EGCO Group will own 41%, and the International Finance Corporation will retain 8%. AES will continue to manage and operate the plant. AES and EGCO Group have agreed to use the Masinloc platform as their exclusive vehicle for growth in the Philippines.
News For AES From The Last 14 Days
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February 26, 2015
06:13 EDTAESAES Corp. sees FY17-FY18 adjusted EPS 6%-8% growth
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06:12 EDTAESAES Corp. sees FY16 adjusted EPS to be flat to modest growth
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06:12 EDTAESAES Corp cuts FY15 adjusted EPS to $1.25-$1.35 from $1.30-$1.40, consensus $1.28
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06:10 EDTAESAES Corp. board announces $400M share repurchase authorization
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06:10 EDTAESAES Corp. reports Q4 adjusted EPS 41c, consensus 36c
Reports Q4 revenue $4.13B, consensus $5.21B

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