Brookfield Renewable Energy Partners have acquired an additional 25.4% stake in Isagen for an approximate consideration of COP2.92bn ($976m) in a first mandatory tender offer.
This increases the stake in Isagen to 83%, with the second mandatory tender offer expected in July.
Brookfield Renewable Energy Partners acquired a 57.6% stake in Isagen from the Government of Colombia, for 2.2bn in January.
Centrica has completed the acquisition of ENER-G Cogen International from ENER-G Holdings for £145m ($208.14m) in order to boost its distributed energy offering.
ENER-G Cogen primarily operates in the UK and provides end-to-end combined heat and power (CHP) solutions for industrial and commercial customers. it has approximately 1,400 units with a combined capacity of 500MW under contract.
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The company has now been integrated into Centrica’s new international Distributed Energy & Power business.
Crius Energy Trust has announced its subsidiary Crius Energy Corporation will acquire the remaining 19,458,942 membership units through a tender offer, representing a 56.9% stake in Crius Energy. The trust currently holds 14,716,582 units (a 43.1% interest).
In order to fund the buy-out payment offered to each unit-holder, Crius Energy Trust is issuing a bought deal public offering of subscription receipts to underwriters including Desjardins Capital Markets, Scotiabank, and RBC Capital Markets. They will further sell the subscription receipts to the public.
The acquisition is expected to be completed in June 2016.
