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

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.
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