KKR and PSP Investments Acquire Minority Stake in Two American …

Jan 9, 2025 · Investment to support modernization of infrastructure and increased reliability Strategic partnership comes as need for reliable power soars in the U.S. NEW YORK- …

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American Electric Power Sells 19.9% Stake In Two Transmission …

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5 days ago · The company announced that a 50/50 strategic partnership between KKR & Co Inc (NYSE:KKR) and PSP Investments has agreed to acquire 19.9% non-controlling equity …

yahoo.com

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KKR, PSP Investments To Buy Minority Stake In AEP's Ohio And …

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6 days ago · KKR, PSP Investments acquire minority stake in two American Electric companies TipRanks 1d American Electric to sell 19.9% equity interest in two Transcos for $2.82B

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American Electric To Sell 19.9% Equity Interest In Two Transcos For …

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Jan 9, 2025 · American Electric Power (AEP) announced a definitive agreement for a strategic partnership between KKR (KKR) and PSP Investments to acquire a 19.9% equity interest in …

businessinsider.com

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KKR, PSP Investments To Buy Stake In Two American Electric Power ...

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KKR said Thursday it formed a 50/50 strategic partnership with Canada's PSP Investments to acquire a 19.9% stake in American Electric Power's (NASDAQ:AEP) Ohio and Indiana …

seekingalpha.com

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KKR And PSP To Take Minority Stake In AEP's Transmission …

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6 days ago · Headquartered in New York City, KKR was founded in 1976 Headquartered in Ottawa, PSP Investments is a pension investor with $264.9 billion of net assets under …

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KKR, PSP Investments Partner To Buy Stake In Two American …

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KKR is partnering with the Public Sector Pension Investment Board to buy a 19.9% interest in two units of American Electric Power for $2.82 billion.

wsj.com

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KKR And PSP To Buy AEP Transmission Stake For $2.8 Billion (1)

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6 days ago · American Electric Power Co. agreed to sell a minority stake in its transmission business to KKR & Co. and Canada’s PSP Investments for $2.8 billion. The investment firms …

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KKR, PSP Investments Partner To Buy Stake In Two American …

2 weeks from now

KKR is partnering with the Public Sector Pension Investment Board to buy a 19.9% interest in two units of American Electric Power for $2.82 billion. New York investment firm KKR said …

msn.com

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KKR And PSP To Buy AEP Transmission Stake For $2.8 Billion

2 weeks from now

6 days ago · American Electric Power Co. agreed to sell a minority stake in its transmission business to KKR & Co. and Canada’s PSP Investments for $2.8 billion.

bloomberg.com

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KKR And PSP Investments Acquire Minority Stake In Two American …

2 weeks from now

6 days ago · KKR and PSP Investments have agreed to acquire a 19.9% stake in American Electric Power's (AEP) Ohio and Indiana & Michigan transmission companies for $2.82 billion. …

stocktitan.net

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KKR, PSP Investments To Buy Stake In Two American Electric Power …

2 weeks from now

KKR (KKR) said Thursday it formed a 50/50 strategic partnership with Canada's PSP Investments to acquire 19.9% stakes in American Electric Power's (NASDAQ:AEP) Ohio and Indiana …

msn.com

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KKR, PSP Investments To Acquire $2.82bn Stake In U.S. Electric …

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6 days ago · KKR and the Public Sector Pension Investment Board (PSP Investments) announced today they will acquire a 19.9% interest in American Electric Power's Ohio and …

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FAQs about KKR and PSP Investments Acquire Minority Stake in Two American … Coupon?

Will KKR and PSP buy AEP?

In the deal, KKR and PSP will obtain a stake in AEP’s Ohio and Indiana transmission company, as well as its Michigan transmission company. The investment in these two companies will support the utility’s ability to meet increasing customer demand and enhance grid reliability, the companies said. ...

Will KKR Buy American electric power?

KKR is partnering with the Public Sector Pension Investment Board to buy a 19.9% interest in two units of American Electric Power for $2.82 billion. New York investment firm KKR said Thursday that it formed a 50/50 strategic partnership with PSP, one of Canada’s largest pension investors, to pursue the acquisition. ...

Does KKR own AEP?

KKR is funding the deal from its core infrastructure strategy, it added. In the deal, KKR and PSP will obtain a stake in AEP’s Ohio and Indiana transmission company, as well as its Michigan transmission company. ...

Does KKR own transcos?

The company announced that a 50/50 strategic partnership between KKR & Co Inc (NYSE: KKR) and PSP Investments has agreed to acquire 19.9% non-controlling equity interest in its Ohio and Indiana & Michigan Transmission Companies (Transcos) for $2.82 billion. ...

Why did AEP sign a $54 billion deal with AEP?

The deal is expected to boost AEP’s ability to finance its $54 billion capital investment plan over the next five years. The partnership will also allow AEP to improve the reliability of its transmission infrastructure and strengthen its balance sheet, to meet growing customer demand in the Midwest. ...

Why did AEP acquire a stake?

The stake acquired represents roughly 5% of AEP’s overall transmission rate base. The capital raised through this transaction will fund key projects across transmission, distribution, and generation, helping AEP manage its equity financing requirements through 2029. ...