Cheung Kong Infrastructure Holdings and its subsidiary Power Assets Holdings will acquire a stake in Canada’s Meridian Cogeneration Plant, The Wall Street Journal reports. Husky Energy will sell the stake for about $92 million. CKI and Power Assets, which already hold a 24.995% stake in the plant, will buy the remaining 75.005% stake. The deal is expected to close by April 2011.
Click here for the story from The Wall Street Journal.