American Electric Power has entered into a $2.82 billion deal with KKR and PSP Investments with respece to a 19.9% stake in its Ohio and Indiana & Michigan Transmission Companies.
KKR and the Public Sector Pension Investment Board (PSP Investments) are acquiring a 19.9% interest in American Electric Power's Ohio and Indiana & Michigan transmission companies for $2.82 billion.
Transaction provides highly efficient financing to support AEP's five-year, $54 billion capital investment plan, enhance reliability for customers and strengthen balance sheet ...