TransAlta strikes $750M investment deal with Brookfield Renewable Partners

Under the terms of the agreement, Brookfield will acquire exchangeable securities, which will be convertible into an equity ownership interest in TransAlta's Alberta hydro assets.

Brookfield will also purchase TransAlta common shares on the open market to increase its share ownership stake to nine per cent. TransAlta says it will include two Brookfield nominees, Harry Goldgut and Richard Legault, on its slate of directors for election at the upcoming 2019 annual shareholders' meeting.

It says it will use $350 million of the investment to speed the company's coal-to-gas transition strategy and up to $250 million to buy back shares over three years. The remainder of the investment will be used to advance the development of existing and new growth projects, and for general corporate purposes.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

The Liberals’ budget is an investment in election votes – and it’s bad news for the economyIt leans against attempts to rein in the biggest and most conspicuous threat to the country’s economic stability: record-high household debt that is tilted heavily toward mortgages globebusiness globebusiness And bad news for anyone with a shred of ambition. This budget is a blow to the hard work and sacrifice it takes to be successful. It’s better to sit back and let others pay your way. Canada is a slacker nation. cdnpoli globebusiness RobinHood politics. Here you take from those who work hard & give it to someone you think will vote for you? cdnpoli
แหล่ง: globeandmail - 🏆 5. / 92 อ่านเพิ่มเติม »

Investment firms redefine rookie programsSome firms are limiting the number of new advisors they take in, extending the length of their rookie programs and focusing on more service-oriented skills
แหล่ง: globeandmail - 🏆 5. / 92 อ่านเพิ่มเติม »