Brookfield offers to buy outstanding TerraForm stake: Reuters

Brookfield Renewable Partners said it proposed to buy the 38 percent stake in TerraForm Power it does not already own.

Brookfield Renewable Partners said it proposed to buy the remaining 38 percent stake in TerraForm Power Inc it does not already own, Reuters reported. The deal values the New York-based company at US$3.93 billion. TerraForm owns and operates a renewable power portfolio that includes solar and wind assets in North America and Western Europe.

Source: Reuters