Shell Unit Completes Acquisition of RISEC Holdings

MT Newswires Live
24 Jan

Shell (SHEL) said Friday its Shell Energy North America unit completed the acquisition of RISEC Holdings, owner of a 609-megawatt two-unit combined-cycle gas turbine power plant in Rhode Island.

Financial details weren't disclosed.

The parent company of RISEC had been 51% owned by funds managed by Carlyle and 49% owned by EGCO RISEC II, a unit of Bangkok-based Electricity Generating Public Co.

The acquisition doesn't affect capital expenditure guidance, Shell said.

Price: 65.75, Change: -0.91, Percent Change: -1.37

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10