Friday, May 18, 2007

UPDATE 1-PPL to sell El Salvadoran unit for $180 mln

(Reuters) - Ashmore Energy International will acquire 86.4 percent of
in PPL Corp.'s San Salvador-based unit through a stock purchase
agreement. The deal is expected to close within 30 days.




PPL Corp. expects to record an aftertax gain of between $88
million and $93 million, or 22 cents to 23 cents per share, in
the second quarter.


Read more at Reuters.com Mergers News

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