Madison, WI, Mar. 2, 2006 — Alliant Energy Corp. announced it closed on the sale of three of the four power facilities in China the company previously announced it would sell to Banpu PLC of Thailand.
The company sold the facilities for a purchase price of approximately $74 million. In addition, the stock sale released Alliant Energy from all debt associated with these facilities, totaling approximately $15 million.
Alliant Energy expects to close the sale of the fourth facility to Banpu PLC during the second quarter of 2006. HSBC advised Alliant Energy on the sale of the four above mentioned facilities.
Alliant Energy expects to complete all of its China divestitures by the end of the second quarter of 2006.