TransAlta, an electrical power generation assets holder and operator, completed the acquisition of the remaining 39.9% stake in TransAlta Renewables, a renewable independent power producer, for $1.04bn. "The closing of the acquisition of TransAlta Renewables represents a key milestone for TransAlta with our simplified and unified corporate structure positioning the Company well for future success. The combined company will unify our assets, capital, and capabilities to enhance cash flow predictability while enhancing our ability to realize future growth," John Kousinioris, TransAlta President and CEO.