TransAlta (TAC) -3.1% AH after agreeing to acquire the 125 MW dual-fuel Solomon power station in...

|About: TransAlta Corporation (TAC)|By:, SA News Editor

TransAlta (TAC) -3.1% AH after agreeing to acquire the 125 MW dual-fuel Solomon power station in western Australia from Fortescue Metals Group for $318M. TAC expects the acquisition to generate unlevered after-tax returns in the low double digits and pre-financing cash flows of ~$40M/year.