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Announced

Completed

Brookfield completed the acquisition of an additional 30% stake in FirstEnergy Transmission from FirstEnergy for $3.5bn.

Financials

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Transaction Value£2,839m
Consideration TypeCash
Capital Owned20%
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Private

Acquisition

Domestic

Friendly

Electricity Distribution

energy transmission

United States

Private Equity

Single Bidder

Completed

Synopsis

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Brookfield, an alternative investment management company, completed the acquisition of an additional 30% stake in FirstEnergy Transmission, a utility services provider, from FirstEnergy, an electric utility company, for $3.5bn. "With the successful completion of this transaction, FirstEnergy is entering a new era of financial strength and growth. We are pleased to leverage this strong foundation to make important investments to deliver reliable and safe power to our customers and meet the energy challenges of the future," Brian X. Tierney, FirstEnergy President and Chief Executive Officer.

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