Polaris solar PV net news: recently, the Edison solar company to its bankruptcy one step forward, agreed to sell two revenue nature of the company to Canada’s largest alternative asset management company, while addressing a number of subsidiary company’s lawsuit.
Brookfield Asset management company agreed to increase power of TerraForm shares to 51%, to buy new shares for us $11.46.
In addition, Brookfield Asset management company will also pay $787 million in cash and assume net debt of about $455 million acquisition of sister company TerraForm international.
Two companies totaled 2.94 billion dollars worth, Brookfield deal is expected to be completed by the second half of.
Original title: Edison solar sell two profitable subsidiaries