M&As this week: Sovlink and Talen Energy Services Holdings

30 March 2017 (Last Updated March 30th, 2017 18:30)

Sovlink has increased its stake in Territorial'naya Generiruyushchaya Kompaniya No2 PAO to 52.8% by acquiring an additional 31.03% stake.

Sovlink has increased its stake in Territorial'naya Generiruyushchaya Kompaniya No2 PAO to 52.8% by acquiring an additional 31.03% stake.

The target company produces and sells thermal electric energy in Russia.

Talen Energy Corp has announced its intention to sell wholly-owned subsidiary Talen Energy Services Holdings.

The target company comprises 11 subsidiaries, which provide comprehensive mechanical contracting services.

Talen Energy intends to focus entirely on core power generation business following the divestment.