Kenon Holdings Ltd. announced the acquisition of Inkia Energy Limited of its Latin American and Caribbean businesses for $1,177m.

Kenon Holdings Ltd. announced that Inkia Energy Limited, a wholly-owned subsidiary of IC Power Ltd., has entered into an agreement to sell all of its Latin American and Caribbean businesses for cash consideration of $1,177 million plus excess proportionally consolidated group cash at closing above $49.9 million (as of September 30, 2017, Inkia's proportionally consolidated group cash was approximately $192 million) to I Squared Capital, an infrastructure private equity firm.