01:32 PM EST, 12/20/2024 (MT Newswires) -- Capital Power ( CPXWF ) on Friday said it closed its previously announced sale of a 49% interest in Quality Wind facility in British Columbia, and Port Dover and Nanticoke Wind facility in Ontario to Axium Infrastructure.

The company said the total pre-tax cash proceeds from the sale are expected to be about $340 million, inclusive of working capital.

Capital Power ( CPXWF ) will remain as operator for the facilities and receive an asset management fee.

Shares of the company were last seen up $0.07 at $62.67 on the Toronto Stock Exchange.

Price: 62.65, Change: +0.05, Percent Change: +0.08