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AES Agrees to Sell ‘Substantial Majority’ of Chinese Businesses

May 7 (Bloomberg) -- AES Corp. 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.

Link to Statement:{NSN M3NIZO3V7U9S <GO>}

Link to Company News:{AES US <Equity> CN <GO>} Link to Company News:{1197Z SP <Equity> CN <GO>} Link to Company News:{CJSXGZ CH <Equity> CN <GO>}

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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