Engie SA (ENGI.FR) said on Tuesday that it is selling its stake in three power plants in the U.K. to Energy Capital Partners for a total enterprise value of EUR232 million ($270 million).
Engie said the sale concerns the gas-fired power plants of Saltend and Deeside as well as the Indian Queens oil-fired peaking plant. These assets were 75% owned by the French energy company and 25% by Japan's Mitsui & Co. Both companies are selling their stake to U.S.-based private-equity firm Energy Capital Partners.
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The transfer of the three plants will be effective as of today, Engie said.
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(END) Dow Jones Newswires
October 31, 2017 13:45 ET (17:45 GMT)