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Kenon Holdings' OPC Energy to buy CPV power business in U.S.

Oct. 12, 2020 9:29 AM ETKenon Holdings Ltd. (KEN) StockKENBy: Carl Surran, SA News Editor
  • Kenon Holdings (NYSE:KEN) OPC Energy subsidiary agrees to acquire Competitive Power Ventures' renewable energy and natural gas-fired power plants in the U.S. from Global Infrastructure Management for $630M.
  • The buyer also agrees to pay $54M-$95M with respect to CPV's equity in the Three Rivers project, which is currently under construction, in cash or as a vendor loan.
  • Kenon recently declared a $2.23/share quarterly cash dividend.

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