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Ares Management Announces New Long-Term Partnership for Kleen Energy

Ares Mgmt LP (ARES)  More Company Research Source: Business Wire
Last ares mgmt lp earnings: 11/2 04:00 pm Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
PDF New Investor Group Collaborates with Ares EIF at Kleen Energy Systems, LLC LOS ANGELES--(BUSINESS WIRE)-- Ares Management, L.P. (NYSE:ARES) announced today that its energy infrastructure strategy, Ares EIF, has created a new investment vehicle to manage Kleen Energy Systems, LLC on behalf of four strategic investors. The investor group, comprised of subsidiaries of The Chugoku Electric Power Co., Inc., Kyushu Electric Power Co., Inc., Osaka Gas Co., Ltd. and Sojitz Corporation, acquired majority ownership interests in Kleen Energy simultaneously with the closing of the new Ares EIF investment vehicle. Kleen Energy is a 620-megawatt natural gas-fired power plant located in Middletown, Connecticut. Terms of the transaction were not disclosed. “We are pleased to announce the next phase of Ares’ involvement with Kleen Energy, creating a new partnership with four world-class investors that share [Read more]

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