Burlington, Massachusetts-based power generation provider InterGen said its shareholders are exploring a potential sale of the business. The announcement, made in response to media speculation, confirmed that InterGen and its shareholders are looking into the possibility of a sale or a change in ownership structure. The company is jointly owned by Ontario Teachers’ Pension Plan and China Huaneng Group–Guangdong Yudean Group. Ontario Teachers’ acquired its 50 percent interest as part of a $2.2 billion acquisition deal in 2005.
InterGen Shareholders Exploring Potential Sale
BURLINGTON, Mass., April 7, 2017 – InterGen notes recent media speculation regarding a possible sale of InterGen by its shareholders.
InterGen confirms that its shareholders are exploring the potential sale of 100 percent of InterGen. InterGen is evaluating with its shareholders the possibility of a sale or a change in ownership structure, which may lead to a change in ownership of InterGen.
There can be no certainty that any transaction will proceed or be concluded. A further announcement will be made as and when appropriate.
The person responsible for arranging for the release of this announcement on behalf of InterGen is Carrie Griffiths, global communications and public affairs director.
InterGen is a global power generation firm with 12 power plants in operation, representing a total generation capacity of 6,331 megawatts (5,378 net equity MW). In addition, InterGen operates three compression facilities and a 65-km gas pipeline. These facilities are located in the United Kingdom, The Netherlands, Mexico and Australia. InterGen is jointly owned by the Ontario Teachers’ Pension Plan and China Huaneng Group/Guangdong Yudean Group. For more information, visit www.InterGen.com.
Photo courtesy of Intergen