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BRIEF-Infigen Energy says sale of US wind business

Published 15/07/2015, 10:36 am
© Reuters.  BRIEF-Infigen Energy says sale of US wind business
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July 15 (Reuters) - Infigen Energy Ltd IFN.AX :

* Sale of US wind business IFN.AX

* Says sale of property for approximately US$272.5 million

* Says following sale agreements, Infigen has reclassified its US operations as a discontinued operation `held for sale'

* Says will use the proceeds of sale to reduce its global facility debt

* Says following sale agreements, Infigen has written down book value of its US wind business by about US$225 million

* Agreed to sell its US wind business to primary wind power, llc

* Source text for Eikon ID:nASX4yTx66

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