Brief: Transalta To Acquire Heartland Generation From Energy Capital Partners For $658 Million

TransAlta

02/11/2023 11:16

Nov 2 (Reuters) - TransAlta Corp  TA.TO :
    * TRANSALTA TO ACQUIRE HEARTLAND GENERATION FROM ENERGY
CAPITAL
PARTNERS FOR $658 MILLION - EXPANDS CAPABILITIES TO MEET DEMANDS
OF ENERGY TRANSITION
    * TRANSALTA CORP- CORPORATE PRE-TAX SYNERGIES EXPECTED TO
EXCEED
$20 MILLION ANNUALLY FROM DEAL
    * TRANSALTA CORP- WILL FINANCE TRANSACTION USING CASH ON
HAND AND
DRAWS ON ITS CREDIT FACILITIES
    * TRANSALTA CORP- AGREEMENT PROVIDES THAT ECONOMIC BENEFITS
ARISING AFTER OCTOBER 31, 2023 WILL BE TO ACCOUNT OF TRANSALTA

Source text for Eikon:  ID:nCNWcGY0Ta 
Further company coverage:  TA.TO 

 ((Reuters.Briefs@thomsonreuters.com;))