AEP Inks $2.8B Deal to Sell Stake in Some Transmission Companies

2 days ago · American Electric Power Co. Inc. executives have struck a deal to have two private-equity heavyweights acquire a minority stake in two of its transmission-only utilities. KKR and …

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AEP Inks $2.8B Deal To Sell Stake In Some Transmission Companies

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2 days ago · American Electric Power Co. Inc. executives have struck a deal to have two private-equity heavyweights acquire a minority stake in two of its transmission-only utilities. KKR and …

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Why KKR Is Buying AEP Transmission Stake For $2.8 Billion

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6 days ago · Brandon Freiman, KKR partner and head of North American infrastructure, discusses American Electric Power (AEP) agreeing to sell a minority stake in its transmission business to …

marketscreener.com

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

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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.

bloomberg.com

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

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6 days ago · By Connor Hart . 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.

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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 …

bloomberglaw.com

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American Electric Power Sells 19.9% Stake In Two Transmission …

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5 days ago · American Electric Power has entered into a $2.82 billion deal with KKR and PSP Investments with respece to a 19.9% stake in its Ohio and Indiana & Michigan Transmission …

benzinga.com

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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 To Buy USD-2.8bn Stake In US Transmission Cos From AEP

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6 days ago · The transaction concerns a 19.9% equity interest in Ohio and Indiana & Michigan Transmission Companies (Transcos). The expected proceeds will support AEP's five-year, …

renewablesnow.com

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AEP To Sell Stake In Transmission Companies To KKR-PSP …

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6 days ago · American Electric Power will sell private-equity firm KKR and Canada’s Public Sector Pension Investment Board a 19.9% equity interest in AEP Ohio Transmission, or OHTCo, and …

utilitylatest.com

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

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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 …

world-energy.org

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AEP Sells Stake In Transmission Companies For $2.82B

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2 days ago · American Electric Power (AEP) on Jan. 9 announced a major deal to sell a 19.9-percent stake in its Ohio and Indiana & Michigan Transmission Companies (Transcos) to KKR …

dailyenergyinsider.com

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

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6 days ago · KKR and PSP Investments have agreed to acquire a minority stake in American Electric Power (AEP)’s Ohio and Indiana and Michigan transmission companies for $2.82 …

pehub.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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American Electric Power Sells 19.9% Stake In Two Transmission …

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5 days ago · American Electric Power Company Inc (NASDAQ:AEP) shares are trading higher in premarket Friday. The company announced that a 50/50 strategic partnership between KKR & …

yahoo.com

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Why KKR Is Buying AEP Transmission Stake For $2.8 Billion - MSN

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6 days ago · Brandon Freiman, KKR partner and head of North American infrastructure, discusses American Electric Power agreeing to sell a minority stake in its transmission business to KKR …

msn.com

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KKR, PSP To Buy 20% Stake In AEP Units

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Jan 9, 2025 · New York-based KKR and Canada's Public Sector Pension Investment Board have formed a 50/50 partnership that will buy a 19.9 percent interest in American Electric Power’s …

smartbusinessdealmakers.com

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American Electric Power Is Attractive Going Forward, Analyst …

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2 days ago · Last week, AEP announced an agreement with KKR and PSP Investments, under which AEP will sell a 19.9% minority stake in its I&M and Ohio transmission businesses for …

yahoo.com

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American Electric Power's $2.8 Billion Sale, Texas Growth Make …

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2 days ago · KKR & Co. Inc. and Public Sector Pension Investment Board agreed to acquire 19.9% stake in AEP Ohio Transmission Company, Inc. / AEP Indiana Michigan Transmission …

marketscreener.com

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BofA Securities Upgrades American Electric Power To Buy From ...

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2 days ago · Why KKR Is Buying AEP Transmission Stake for $2.8 Billion Jan. 10: MT BMO Capital Adjusts American Electric Power's Price Target to $100 From $108, Keeps Outperform …

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JPMorgan Cuts American Electric Power's Price Target To $98 From …

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17 hours ago · Why KKR Is Buying AEP Transmission Stake for $2.8 Billion Jan. 10: MT BMO Capital Adjusts American Electric Power's Price Target to $100 From $108, Keeps Outperform …

marketscreener.com

FAQs about AEP Inks $2.8B Deal to Sell Stake in Some Transmission Companies Coupon?

Does AEP own KKR & PSP?

Last week, AEP announced an agreement with KKR and PSP Investments, under which AEP will sell a 19.9% minority stake in its I&M and Ohio transmission businesses for $2.82 billion. ...

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. ...

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. ...

Are American Electric Power (AEP) shares trading higher in premarket Friday?

American Electric Power Company Inc (NASDAQ: AEP) shares are trading higher in premarket Friday. ...

Who is KKR partner Brandon Freiman?

Brandon Freiman, KKR partner and head of North American infrastructure, discusses American Electric Power agreeing to sell a minority stake in its transmission business to KKR and Canada's PSP Investments for $2.8 billion. He speaks on "Bloomberg The Close." A 1970s Car That's Quicker Than Modern Supercars? DeTomaso Pantera ...