Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,384.20 +29.85 0.19%
S&P 500 1,671.04 +3.57 0.21%
Nasdaq 3,508.78 +9.82 0.28%
Ticker Volume Price Price Delta
STOXX 50 2,824.50 +6.51 0.23%
FTSE 100 6,755.63 +32.57 0.48%
DAX 8,455.83 +57.83 0.69%
Ticker Volume Price Price Delta
Nikkei 15,360.80 +222.69 1.47%
Hang Seng 23,493.00 +410.35 1.78%
S&P/ASX 200 5,209.04 +28.26 0.55%

Alterra Says It Received Offer for Icelandic Geothermal Assets

Alterra Power Corp. (AXY) said it received an unsolicited offer from a closely-held entity in Iceland for the purchase of its geothermal assets in the nation.

The Vancouver-based company said it signed a non-binding agreement to pursue the transaction, which would require approvals from the Icelandic government. The decision regards Alterra’s 66.6 percent stake in HS Orka hf, which is 33.4 percent owned by a syndicate of Icelandic pension funds, according to a statement from Alterra released today.

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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.

Sponsored Link