Vistra to acquire 15% stake in Vistra Vision from Nuveen and Avenue Capital for $3.248bn.

Vistra, a retail electricity and power generation company, agreed to acquire 15% stake in Vistra Vision, a manager of zero-carbon nuclear, energy storage, solar generation assets and retail business of Vistra, from Nuveen, an American asset manager, and Avenue Capital, a private equity firm, for $3.248bn. "This is another key milestone in the evolution of our company. Through this transaction we are simplifying the overall structure by acquiring the minority interest at an attractive valuation and increasing our shareholder's ownership to 100% of highly valuable, carbon-free assets in the key growing markets across the U.S," Jim Burke, Vistra President and CEO.