- PE firm Carlyle has hired advisers to explore a sale of Cogentrix that could value the North Carolina-based power producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people briefed on the matter.
Interest in utility firms are on the rise as technological innovations, such as artificial intelligence and data centers, boost power demand.Carlyle and Latham & Watkins did not immediately respond to Reuters requests for comment, while Lazard declined to comment.
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