Goldman unit sells power plant stakes
Cogentrix Energy, a unit of investment bank Goldman Sachs, has sold an 80% stake in 14 power plants to Energy Investors Funds (EIF), a buyout firm specialising in US energy and power assets.
Terms of the agreement were not disclosed, and reports say Goldman is aiming to structure the transaction as an all-cash sale to close by November 1, pending regulatory approvals.
EIF's United States Power Fund III LP is buying into 14 power projects totalling 2,336 net megawatts of generating capacity
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