AES Agrees to Sell ‘Substantial Majority’ of Chinese Businesses
By Tina Davis -
2012-05-07T12:12:23Z
AES Corp. (AES) has signed two agreements to sell “a substantial majority” of its Chinese businesses for $134 million.
The agreements include selling stakes in a coal-fired power plant and a windpower joint venture to Sembcorp Utilities and the previously announced sale of a stake in a development company to its joint venture partner, China Three Gorges New Energy Corp., the company said in a statemtnt today.
To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net
More News:
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.