AES Corp (AES) Doubles Qtr. Dividend to 10c/Share; Yields 3%
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AES Corp (AES) to Sell 15% Stake in AES US Investments
December 15, 2014 7:10 AM ESTAES Corp (NYSE: AES) announced that it has entered into an agreement with La Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor headquartered in Quebec, Canada. Pursuant to the agreement, CDPQ will purchase 15% of AES US Investments, Inc. (AES US Investments), a wholly-owned subsidiary of AES that owns 100% of IPALCO Enterprises, Inc. (IPALCO), for US$244 million. In addition, CDPQ will invest approximately US$349 million in IPALCO through 2016, in exchange for a 17.65% equity stake, funding existing growth and environmental projects at Indianapolis Power & Light Company (IPL).
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