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

Synopsis

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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