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EGCO Increases Its Investment by 12% in the Linden Power Plant in the United States, Increasing Its Stake to 50%, Supporting Long-Term Profitability.
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EGCO has signed an agreement to acquire an additional 12% stake in Linden Topco, the owner of a 980-megawatt natural gas power plant in the United States, increasing its ownership from 38% to 50%. This is expected to immediately boost net profit and dividend income upon completion of the transaction, while also increasing its management power and anticipating long-term electricity demand growth. The post EGCO Increases Investment by 12% in Linde…
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