AIMCo Buys Stake in TransAlta Renewables

Posted on 11/23/2015

Alberta Investment Management Corporation (AIMCo), manager of Alberta’s Heritage Fund, bought an 8% stake in Calgary-based TransAlta Renewables Inc. for C$ 200 million. TransAlta Renewables is a clean-power generation company that was spun off from Calgary-based power provider TransAlta Corporation. The deal puts AIMCo as the second biggest shareholder in the company with TransAlta Corporation […]