Cofely Buys Ecova for $335M

June 2, 2014 By Linda Hardesty

Ecova Energy ManageAvista Capital signed a definitive agreement to sell its subsidiary Ecova to Cofely USA, an indirect subsidiary of GDF SUEZ, a French multinational utility company, for $335 million in cash, less the payment of debt and other customary closing adjustments.

The transaction is expected to close by July 1, 2014.

Leave a reply


*

Webinar: Risk Management - Planning for Ups and Downs

April 15, 2015, 2 PM ET

Sponsored by Siemens
Register Now>>


Close Register Now