New Energy Solar sells Mt Signal stake to related fund
Jonathan ShapiroSenior reporter
New Energy Solar, the Evans Dixon-operated clean energy fund, has sold a 50 per cent stake in its Mount Signal 2 solar plant to the group's own London-listed US Solar Fund.
The two related buyers struck a deal for a total price of between $US44 million ($57 million) and $US46 million, which the company said was consistent with the audited net asset value of the Southern Californian plant of $US89.5 million.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
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