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| Home : TransAlta Corporation announces closing of $1.78 Billion transaction with TransAlta Renewables |
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May 08
2015 |
TransAlta Corporation announces closing of $1.78 Billion transaction with TransAlta Renewables |
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CALGARY, ALBERTA--(Marketwired - May 7, 2015) - TransAlta Corporation ("TransAlta") (TSX:TA) (NYSE:TAC) announced today the closing of the acquisition by TransAlta Renewables Inc. ("TransAlta Renewables") (TSX:RNW) of an economic interest based on the cash flows of TransAlta Corporation's Australian assets (the "Transaction"). The portfolio, held by TransAlta Energy (Australia) Pty Ltd, consists of 575 MW of power generation from six operating assets and the South Hedland project currently under construction, as well as the recently commissioned 270 km gas pipeline. The combined value of the Transaction is approximately $1.78 billion. The Transaction was originally announced on March 23, 2015. |
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| Source:http://www.marketwired.com/mw/release.do?id=2017863&sourceType=3 |
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