Sale marks the end of company’s foreign investments
MADISON, Wis., June 28 /PRNewswire-FirstCall/ — Alliant Energy Corporation (NYSE:LNT) announced today that the company has completed the sale of its ownership interest in the Laguna Del Mar property, located in Puerto Penasco, Mexico, to a group formed by Salvago Mexico for net proceeds of approximately US$65 million.
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The buying group formed by Salvago Mexico is comprised of the real estate subsidiary of the Spanish utility Iberdrola, the Spanish-based investment fund, Global Loan, and the Spanish developer, TIASTA Promosiones.
Alliant Energy worked with Jones Lang LaSalle to manage the sale. The company plans to use net proceeds from the sale for general corporate purposes.
Alliant Energy is an energy-services provider with subsidiaries serving approximately 1 million electric and over 400,000 natural gas customers. Providing its customers in the Midwest with regulated electric and natural gas service is the company’s primary focus. Alliant Energy’s utility subsidiaries are Interstate Power and Light and Wisconsin Power and Light companies. Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company traded on the New York Stock Exchange under the symbol LNT. For more information, visit the company’s Web site at http://www.alliantenergy.com/.
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Source: Alliant Energy
