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BRIEF-Transalta Renewables Announces The Acquisition Of Three Renewable Assets From Transalta Corp

Published 2018-05-31, 06:03 p/m
© Reuters.  BRIEF-Transalta Renewables Announces The Acquisition Of Three Renewable Assets From Transalta Corp
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May 31 (Reuters) - TransAlta Renewables Inc RNW.TO :

* TRANSALTA RENEWABLES ANNOUNCES THE ACQUISITION OF THREE RENEWABLE ASSETS FROM TRANSALTA CORPORATION, IMPLEMENTATION OF A DIVIDEND REINVESTMENT PLAN AND DECLARES DIVIDENDS

* TRANSALTA RENEWABLES INC - TOTAL PURCHASE PRICE FOR THREE ASSETS IS $166 MILLION

* TRANSALTA RENEWABLES INC - WILL FUND EQUITY VALUE PORTION OF ACQUISITION USING EXISTING LIQUIDITY

* TRANSALTA RENEWABLES INC - EQUITY VALUE OF $104 MILLION REPRESENTS A 10X MULTIPLE OF CAFD AND IS EXPECTED TO BE ACCRETIVE ON A PER SHARE BASIS

* TRANSALTA RENEWABLES INC - CO'S BOARD APPROVED IMPLEMENTATION OF A DIVIDEND REINVESTMENT PLAN FOR CANADIAN HOLDERS OF TRANSALTA RENEWABLES

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