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View Full Version : Trans Alta Powers new name.

59whiskers
10-15-2007, 07:37 PM
Cheung Kong Infrastructure Holdings Ltd of Hong Kong bought out TransAlta Power Limited Partnership Units which is half of TransAlta Utility Corp, the biggest publically traded Canadian electrical generator. A lot of money was made today for share holders of these trust units that had a 15% gain in value in one day. Is Atco next?
Dick284
10-16-2007, 05:22 AM
The only thing sold is 49.9% of Transalta's assets in a Limited Partnership(Transalta LP) which has been up for sale for a couple or 3 months now. It involves a few small gas fired power plants in Ontario and Alberta, it has nothing to do with Hydro, or Coal fired asssets here in Alberta.
Transalta will retain majority control in the LP venture.
Okotokian
10-16-2007, 10:20 AM
The only thing sold is 49.9% of Transalta's assets in a Limited Partnership(Transalta LP) which has been up for sale for a couple or 3 months now. It involves a few small gas fired power plants in Ontario and Alberta, it has nothing to do with Hydro, or Coal fired asssets here in Alberta.
Transalta will retain majority control in the LP venture.

Did they buy 49.9% of Transalta's shares in the LP? or buy 49.9% of the LP? If the former, then TransAlta can't still have majority control, assuming there were other investors in the LP. In any event, Dick is right. LP's are made to be sold. The companies core business is usually never included in an LP. TransCanada sold off their LP to Epcor a couple years ago.