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KKR, PSP Investments to buy stake in two American Electric Power companies for $2.8B
KKR (KKR) said Thursday it formed a 50/50 strategic partnership with Canada's PSP Investments to acquire 19.9% stakes in American Electric Power's (NASDAQ:AEP) Ohio and Indiana transmission company, as well as its Michigan transmission company,
American Electric Power Sells 19.9% Stake In Two Transmission Assets For $2.82B: Details
American Electric Power has entered into a $2.82 billion deal with KKR and PSP Investments with respece to a 19.9% stake in its Ohio and Indiana & Michigan Transmission Companies.
American Electric Power Sells Wires Stake for $2.8 Billion
American Electric Power Co. has agreed to sell a stake in its transmission business to a strategic partnership between KKR and PSP Investments, the energy company reported.
KKR, PSP Investments Partner to Buy Stake in Two American Electric Power Companies
KKR is partnering with the Public Sector Pension Investment Board to buy a 19.9% interest in two units of American Electric Power for $2.82 billion.
KKR and PSP Investments Acquire Minority Stake in Two American Electric Power Transmission Companies
Today, investment funds managed by KKR, a leading global investment firm, and the Public Sector Pension Investment Board ("PSP Investments"), one of Canada's largest pension investors, announced an agreement to acquire a 19.
8h
American Electric price target lowered to $100 from $108 at BMO Capital
BMO Capital lowered the firm’s price target on American Electric (AEP) to $100 from $108 and keeps an Outperform rating on the shares. The ...
3d
Want More Passive Income in 2025? Consider This ETF and 2 Rock-Solid Dividend Stocks.
Daniel Foelber (Honeywell): Honeywell checks most boxes for stocks to buy in 2025. The industrial conglomerate has a ...
Yahoo Finance
7d
American Electric Power Company, Inc. (NASDAQ:AEP) is largely controlled by institutional shareholders who own 78% of the company
A look at the shareholders of
American
Electric
Power
Company
, Inc. (NASDAQ:AEP) can tell us which group is most powerful. The group holding the most number of shares in the
company
, around 78 ...
8h
American Electric asset sale eases balance sheet overhang, says Morgan Stanley
Power announced the sale of a minority equity interest in its transmission assets as consortium formed by KKR and ...
Odessa American
8h
Oil giants looking at gas to meet AI’s power demand
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
2d
American Electric Power Names Trevor Mihalik as CFO in Succession Plan
American Electric Power (NASDAQ: AEP) announced today the appointment of Trevor I. Mihalik as the new Executive Vice ...
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