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AES dumps its stake in Turkish joint venture, continuing its exit from overseas operations

2014-10-13 16:26:30| Energy - Topix.net

AES is selling its stake in a Turkish joint venture for $125 million as the Virginia utility continues its retreat from overseas markets. CEO Andres Gluski said that the sale is part of the company's strategy to streamline its portfolio and exit markets where it doesn't hold a competitive advantage.

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