PSEG Global purchases Saesa Group from COPEC

Additionally, PSEG Global reached agreement to purchase directly from COPEC approximately 14% of Empresa Electrica de la Frontera S.A. (Frontel) not owned by Saesa. The purchase, held through a private auction, will total approximately $460 million. JPMorgan acted as exclusive financial advisor of PSEG in the transaction.

INDIANAPOLIS, Ind., March 9, 2001 (PRNewswire) — The Federal Energy Regulatory Commission issued an order March 8, 2001, approving the acquisition of IPALCO Enterprises by The AES Corporation in a stock-for-stock transaction announced July 17, 2000.

Previous articlePortland General Electric, Sierra Pacific Resources merger in doubt
Next articleOperation Technology Inc. and GE Enter Software start on COCO project

No posts to display