Brief: Kenon's Unit Agrees To Acquire CPV Power Business In The U.S

Kenon Holdings

12/10/2020 12:23

Oct 12 (Reuters) - Kenon Holdings Ltd  KEN.N :
    * KENON'S SUBSIDIARY OPC ANNOUNCES AGREEMENT TO ACQUIRE CPV
POWER
BUSINESS IN THE UNITED STATES
    * KENON HOLDINGS LTD - CONSIDERATION FOR ACQUISITION IS $630
MILLION
    * KENON HOLDINGS LTD - ACQUISITION OF CPV WILL BE CONDUCTED
THROUGH ACQUISITION BY CPV GROUP LP OF 100% OF EQUITY INTERESTS
OF THREE COMPANIES
    * KENON HOLDINGS - AMOUNT IN RANGE OF $54 MILLION TO $95
MILLION
IS PAYABLE BY BUYER IN RESPECT OF CPV'S EQUITY IN THREE RIVERS
PROJECT
    * KENON HOLDINGS LTD - AGREEMENT PROVIDES FOR A TERMINATION
PAYMENT OF $50 MILLION (PLUS CERTAIN EXPENSES OF SELLER) BY
BUYER

Source text for Eikon:  ID:nPn64SkYNa 
Further company coverage:  KEN.N 

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