American Electric Power (AEP) has entered into a strategic partnership with KKR and PSP Investments to sell a 19.9% equity interest in its Ohio and Indiana & Michigan transcos. These companies are ...

New York investment firm KKR said Thursday that it formed a 50/50 strategic partnership with PSP, one of Canada’s largest pension investors, to pursue the acquisition. KKR is funding the deal ...

The proposed transaction will enable the utility’s leaders to sell far less stock in coming years as they look to fund ...

Global investment firm KKR and the Public Sector Pension Investment Board (PSP), one of Canada’s largest pension funds, have agreed to acquire a 19.9 percent stake in American Electric Power Ohio's ...

KKR and Canada’s Public Sector Pension Investment Board are acquiring a 19.9% stake in a trio of power transmission companies in Ohio, Indiana and Michigan owned and operated by utility giant American ...

(Bloomberg) -- American Electric Power Co. agreed to sell a minority stake in its transmission business to KKR & Co. and Canada’s PSP Investments for $2.8 billion. The investment firms will ...

KKR and PSP Investments acquire 19.9% stake in AEP Transcos. Deal aims to support AEP’s $54 billion capital plan. American Electric Power Company Inc AEP shares are trading higher in premarket ...

Smith upgraded American Electric Power to a Buy rating and raised the price target to $104, up from $98. The upgrade follows AEP's sale of a 19.9% stake in transmission assets for $2.8 billion and the ...

The investment will support AEP’s ability to meet increasing customer demand and enhance grid reliability. KKR and PSP Investments have formed a 50/50 strategic partnership to pursue the acquisition.

A 50/50 strategic partnership between KKR and PSP Investments agrees to acquire 19.9% non-controlling equity interest in two AEP Transcos for $2.82 billion Transaction provides highly efficient ...