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Stock impact report

I Squared Starts €2 Billion Sale of Utility Firm Energia [Yahoo! Finance]

Brookfield Corporation Class A Limited Voting Shares (BN) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Why Did the Government Declare War on My Adorable Tiny Truck? How SUVs Are Making Traffic Worse Trump Slashed International Aid. Geneva Is Feeling the Impact. These US Bridges Face High Risk of Catastrophic Ship Strikes Affordable Housing Developers Stalled by Blocked Federal Funds The Miami, Florida-based investor has started reaching out to potential suitors to gauge interest in the business, which could be valued at about €2 billion ($2.2 billion), the people said, asking not to be identified as the matter is private. I Squared's financial advisers are likely to send out formal documents on the sale in the coming weeks and the asset may draw interest from other utility firms and infrastructure funds, the people said. Energia recorded €375 million of adjusted pro-forma Ebitda last year, which excludes some items and certain remeasurements, according to its annual report. After taking into account under-recovery of the company's regulatory en Show less Read more
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