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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.

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