FirstEnergy to sell additional 30% stake in FET business to Brookfield for $3.5B

Feb. 02, 2023 6:27 PM ETFirstEnergy Corp. (FE), BAM, BAM:CABy: Carl Surran, SA News Editor2 Comments

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FirstEnergy (NYSE:FE) said Thursday it agreed to sell an additional 30% ownership interest in its FirstEnergy Transmission business to an affiliate of Brookfield Asset Management (NYSE:BAM) for $3.5B in cash.

FET is the holding company

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