Kenon Holdings agrees to acquire 25% interest in U.S. district heating and cooling business for about $450 million
KEN•Kenon Holdings agreed to acquire a 25% interest in Vicinity for about $450 million, with $1.40 billion in committed non-recourse debt financing; the purchase price is based on a $2.92 billion enterprise value for all of Vicinity.
1. Acquisition financing
Kenon Holdings agreed to acquire a 25% interest in the U.S. district heating and cooling business Vicinity for about $450 million. The acquisition has $1.40 billion in committed non-recourse debt financing, and the purchase price is based on a total enterprise value of $2.92 billion for 100% of Vicinity.
