BG Group today announced that it has signed a Share Sale Agreement with AES Ballylumford Holdings Limited, a wholly owned subsidiary of AES Corporation, for the sale of Premier Power Limited, a wholly owned subsidiary of BG Group, for a total consideration of £99 million (approximately $148 million).Premier Power Limited operates the 1316 MW power plant located at Ballylumford in Northern Ireland.
Closing of the transaction is subject to receiving the customary regulatory approvals. The transaction is expected to complete in third quarter 2010.
02 July 2010
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