KKR and PSP Investments Acquire Minority Stake in Two …
New York, January 9, 2025 – 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 19.9% interest in American Electric Power’s (“AEP”) Ohio and Indiana & Michigan ...
AEP Secures Minority Equity Interest Investment in Ohio and …
Jan 9, 2025 · A 50/50 strategic partnership between KKR and PSP Investments agrees to acquire 19.9% non-controlling equity interest in two AEP Transcos for $2.82 billion Transaction provides highly efficient financing to support AEP’s five-year, $54 billion capital investment plan, enhance reliability for customers and strengthen balance sheet American Electric Power today announced a definitive agreement ...
KKR and PSP Investments Acquire Minority Stake in Two …
Jan 9, 2025 · KKR and PSP Investments have formed a 50/50 strategic partnership to pursue the acquisition. AEP is a fully regulated electric utility that serves 5.6 million retail and wholesale customers...
AEP to sell stake in transmission companies to KKR-PSP …
Jan 10, 2025 · American Electric Power will sell private-equity firm KKR and Canada’s Public Sector Pension Investment Board a 19.9% equity interest in AEP Ohio Transmission, or OHTCo, and AEP Indiana...
AEP to divest stake in transmission companies to KKR, PSP for …
Jan 10, 2025 · American Electric Power (AEP) has entered into a strategic partnership with KKR and PSP Investments to sell a 19.9% equity interest in its Ohio and Indiana & Michigan Transmission Companies (Transcos).
KKR, PSP acquire minority stake in two of AEP Ohio's transmission ...
Jan 10, 2025 · Global investment firm KKR and the Public Sector Pension Investment Board (PSP), one of Canada’s largest pension funds, have agreed to acquire a 19.9 percent stake in American Electric Power Ohio's (AEP) Indiana and Michigan transmission companies for …
AEP Secures Minority Equity Interest Investment in Ohio and …
Jan 9, 2025 · American Electric Power (Nasdaq: AEP) today announced a definitive agreement for a strategic partnership between KKR and PSP Investments to acquire a 19.9% equity interest in the company's Ohio...
KKR and PSP to Buy AEP Transmission Stake for $2.8 Billion
Jan 9, 2025 · American Electric Power Co. agreed to sell a minority stake in its transmission business to KKR & Co. and Canada’s PSP Investments for $2.8 billion. The investment firms will acquire a roughly...
AEP Inks $2.8B Deal to Sell Stake in Some Transmission Companies
5 days ago · KKR and PSP Investments, one of Canada’s largest pension investment firms, have agreed to pay a little more than $2.8 billion for 19.9% of AEP’s Ohio and Indiana & Michigan Transmission Companies. The proposed investment covers about 5% of AEP’s total transmission rate base and AEP executives said the deal will immediately add to the ...
KKR and PSP Investments Acquire Minority Stake in Two …
Jan 9, 2025 · NEW YORK –(BUSINESS WIRE)– 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 19.9% interest in American Electric Power’s (“AEP”) Ohio and Indiana & Michigan ...
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