AES finalizes minority stake sales of LNG businesses in Dominican Republic and Panama

AES finalizes minority stake sales of LNG businesses in Dominican Republic and Panama

AES Corporation (NYSE: AES) has achieved a significant milestone by completing the minority sell-downs of its businesses in the Dominican Republic and AES Colón in Panama, accumulating proceeds of $338 million. This financial move includes the transactions announced in September, which resulted in proceeds of $179 million after purchase price adjustments, and additional sell-downs in […]

CenterOak Partners sells Wetzel’s Pretzels to MTY Food Group

CenterOak Partners sells Wetzel’s Pretzels to MTY Food Group

CenterOak Partners has wrapped up the previously announced $207 million sale of Wetzel’s Pretzels to MTY Franchising USA, a fully-owned subsidiary of MTY Food Group. The deal was announced in November 2022. Based in Pasadena, California, Wetzel’s Pretzels is a franchisor and owner of quick service restaurants that belong to the soft pretzel segment. Its […]

AES Corporation commissions $1.2bn AES Colon LNG hub in Panama

AES Corporation commissions $1.2bn AES Colon LNG hub in Panama

AES Corporation said that the $1.2 billion AES Colon LNG hub, the first liquefied natural gas (LNG) hub in Panama and Central America has started commercial operations. The AES Colon LNG hub, comprises an LNG tank with a storage capacity of 180,000 m3 and a 381MW combined cycle power plant – which started commercial operations […]

AES inaugurates AES Colon power plant and LNG terminal in Panama

AES inaugurates AES Colon power plant and LNG terminal in Panama

US electric utility AES and its partner Panamanian Inversiones Bahía have inaugurated AES Colon, a 381MW gas-fired power plant and a liquefied natural gas (LNG) receiving terminal in the Colon province in Panama. The combined cycle power plant, and the LNG storage tank and regasification terminal, represent a total investment of $1.15 billion. While the […]