Wednesday, 1 August 2018

Macquarie divests 644-MW power plant in New Jersey

Macquarie Infrastructure Corp. (MIC) has entered negotiations with potential buyers of the 644-MW Bayonne Energy Center in New Jersey as it seeks to divest the asset before the end of this year. MIC only bought the CCGT three years ago, but now seeks to sell it for about $900 million to reduce debt.

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