CALGARY - TransAlta Corp. says Brookfield Renewable Partners and its institutional partners have signed a $750-million deal to invest in the company’s hydro assets. Under the terms of the agreement, Brookfield will acquire exchangeable securities, which will be convertible into an equity ownership interest in TransAlta’s Alberta hydro assets. TransAlta Corp. says Brookfield Renewable Partners and its institutional partners have signed a $750-million deal to invest in the company's hydro assets. Under terms of the agreement, Brookfield will acquire exchangeable securities, which will be convertible into an equity ownership interest in TransAlta's Alberta hydro assets. ( Larry MacDougal / THE CANADIAN PRESS )Brookfield will also purchase TransAlta common shares on the open market to increase its share ownership stake to nine per cent.

Source: thestar March 25, 2019 11:26 UTC