Radiocor News

Mara to buy Long Ridge Energy & Power in 1.5 bln usd deal --

(Il Sole 24 Ore Radiocor) - Milano, 30 apr - Energy infrastructure company Mara said it had agreed to buy Long Ridge Energy & Power for around 1.52 billion, including some debt.

The a Florida-based company said the deal included Long Ridge's 505 megawatt gas-fired power plant in Ohio, as well as 1,600 acres supporting a digital infrastructure campus.

The campus supports more than 1 gigawatt of total potential power capacity across generation and load.

Mara is buying Long Ridge from FTAI Infrastructure.

The deal includes at least 785 million dollars of debt, supported by a bridge loan.

It is expected to close in the second half of this year.

(RADIOCOR) 30-04-26 14:57:26 (0663) 5 NNNN

 


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