Alliant Energy Sells Plants

It gets $84 million.
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Energy services provider

Alliant Energy

(LNT) - Get Report

plans to sell its interest in four power facilities in China to Banpu, Thailand's largest coal mining company.

Alliant will receive $84 million, and be released from about $23 million in debt.

The deal is expected to close in two stages over the next eight to 10, weeks.

Alliant previously sold its interest in four other facilities in China for about $39 million.

The company is also working to sell two additional plants with a combined book value of less than $5 million.

"We have made progress in these efforts and expect to complete the sale of all of our assets in China no later than June of this year", the company said.

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