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Article: United Kingdom: TransAlta announces close of sale on Mexican business.
- Article from:
- TendersInfo
- Article date:
- November 4, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kavita03
TransAlta Corporation today announced the successful completion of the sale of its Mexican business to InterGen, for a sale price of USD$303.5 million. The sale is accretive to earnings.
"We're pleased to have closed this transaction," said Steve Snyder, President and CEO, TransAlta Corporation. "We have had excellent cooperation from InterGen to ensure a smooth transition for our customers and the employees who will be transferring with the business. The completion of this transaction is consistent with TransAlta's business strategy to focus on core markets in the western U.S. and Canada and to ensure all our assets are achieving their ...