Mirant Confirms Purchase by First Metro of Interest in Mirant Global
May 08 2006 - 8:01PM
PR Newswire (US)
ATLANTA, May 8 /PRNewswire-FirstCall/ -- Mirant (NYSE:MIR)
announced today that its fifty percent stake in Mirant Global
Corporation has been acquired by a group of investors led by its
partner in Mirant Global, First Metro Investment Corporation.
Mirant Global, formed in 2003, represents less than five percent of
Mirant's total capacity in the Philippines. The sale is consistent
with Mirant's strategy of focusing on assets of substantial scale.
Mirant Global does not include Mirant's interests in the Sual,
Pagbilao and Ilijan power plants. Mirant is a competitive energy
company that produces and sells electricity in the United States,
the Caribbean, and the Philippines. Mirant owns or leases
approximately 17,500 megawatts of electric generating capacity
globally. The company operates an asset management and energy
marketing organization from its headquarters in Atlanta. For more
information, please visit http://www.mirant.com/. Stockholder
inquiries: 678 579 7777 DATASOURCE: Mirant CONTACT: Media, Corry
Leigh, +1-678-579-3111, or , or Investor Relations, Mary Ann Arico,
+1-678-579-7553, or , or Sarah Stashak, +1-678-579-6940, , or
Stockholders, +1-678-579-7777, all of Mirant Web site:
http://www.mirant.com/
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