Stocks in play: Capital Power Corporation
Has partnered with Manulife Investment Management on behalf of the Manulife Infrastructure Fund II and its affiliates to acquire 100% of the interests in MCV Holding Company, which owns Midland Cogeneration Venture. The 1,633-megawatt (MW) natural gas combined-cycle cogeneration facility is being acquired from OMERS Infrastructure Management Inc. and its co-investors for a total of $894 million U.S., including the assumption of $521 million U.S. of project level debt. The transaction is expected to close in the third quarter of 2022, subject to regulatory approvals and other customary closing conditions. Capital Power Corporation shares T.CPX are trading up $0.02 at $45.50.
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