November 28, 2017 |
Singapore-domiciled Kenon Holdings said it has agreed to sell its Latin American and Caribbean power business Inkia Energy to I Squared Capital for $1.17bn, according to a statement from the holding company.
The private equity infrastructure investor will assume Inkia's $450m bond commitment and pay $727m in cash, the statement from Kenon showed. Inkia printed $450m in 2027 bonds earlier this month.
The purchase price is subject to adjustments, including taking into account changes in working
Private equity firm I Squared Capital nets Peruvian power business in a $1.17bn cash, debt deal