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IN BRIEF | ENERGY

Mirant to sell Philippine business to consortium

December 12, 2006|From the Associated Press

Energy provider Mirant Corp. has reached a deal to sell its Philippine business to a consortium that includes Tokyo Electric Power Co. for $3.42 billion.

The Atlanta-based company said it expected the deal with Tokyo Electric and Marubeni Corp., which also includes working capital, to close in the second quarter of 2007.

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