Riverstone leading bidder for Talen Energy - Bloomberg

Riverstone Holdings

06/05/2016 20:06

May 6 (Reuters) - Riverstone Holdings Ltd  RVHL.SI  is the 
top contender to buy U.S.-based Talen Energy Corp  TLN.N , 
formed when the private equity firm merged some of its power 
plants with PPL Corp's  PPL.N  power generation unit, Bloomberg 
reported. 
    A deal could be announced shortly, Bloomberg reported on 
Friday, citing a person familiar with the matter. (http://bloom.bg/1TMJX3T) 
    A final decision is yet to be made and Talen could select 
another buyer or stay independent, Bloomberg reported, citing 
people with knowledge of the matter.  
    As of Dec. 31, Riverstone owned about 35 percent of Talen, 
which was created in June last year.  
    The two companies were not immediately available for 
comment. 
    Allentown, Pennsylvania-based Talen's shares rose 7.7 pct to 
$12.50 in late afternoon trading. 
 
 (Reporting by Vishaka George in Bengaluru; Editing by Kirti 
Pandey) 
 ((vishaka.george@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 1130; Reuters Messaging: 
vishaka.george.thomsonreuters.com@reuters.net)) 
 
Keywords: TALEN ENERGY RIVERSTONE HLDG/