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Kenon To Acquire 25% Of Vicinity District Energy Business For $450 Mln
Source: Nasdaq
M&A & RestructuringInfrastructure & DefenseEnergy Markets & Prices
Kenon Holdings agreed to acquire a 25% stake in U.S. district heating and cooling platform Vicinity District Energy for approximately $450 million in cash. The transaction expands Kenon's exposure to energy-infrastructure assets, though the article provides no information on financing, valuation, expected returns, or closing timing.
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