JERA to Sell its Shares in Natural Gas Thermal Projects in Mexico

Source: www.gulfoilandgas.com 9/16/2021, Location: South America

JERA Co., Inc. (“JERA”) has concluded an agreement to sell its entire roughly 20% stake in MT Falcon Holdings S.A.P.I.de C.V. (“MT Falcon”), which operates five natural gas thermal IPP projects in Mexico, to Actis GP LLP.

Procedures for the sale are expected to be completed by March 2022 subject to approval by Mexican government authorities.

JERA will continue to renew its portfolio going forward, selling assets and reinvesting the proceeds as it optimizes its asset allocation for compatibility with a changing business environment and seeks to expand earnings.


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