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UPDATE 1-LS Power power looks to raise $2.1 billion stake sale in NRG Energy, Bloomberg News reports
NRG Energy, Inc. NRG | 154.32 154.32 | -3.83% 0.00% Post |
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March 2 (Reuters) - LS Power is seeking as much as $2.1 billion from the sale of a stake in power producer NRG Energy NRG.N after the stock market brushed aside concerns about the conflict in Iran, Bloomberg News reported on Monday, citing sources familiar with the matter.
Last year, NRG Energy said it would acquire power generation assets from energy infrastructure investment firm LS Power in a deal valued at $12 billion.
The 12.3 million shares are being offered for $163.50 to $168 each, representing a discount of as much as 6.9% to NRG Energy's last close, the report added.
The stock is being sold after the closing of the power producer's acquisition of certain assets from LS Power, the Bloomberg report said.
Reuters could not independently verify the report. NRG Energy and LS Power did not immediately respond to our requests for comment.


