Vistra Corp. (NYSE: VST) has announced that it has executed definitive agreements with affiliates of Nuveen Asset Management, LLC, and Avenue Capital Management II, L.P., to acquire their combined 15% equity interest in Vistra Vision LLC. This will result in Vistra being the sole owner of its Vistra Vision subsidiary, which includes its zero-carbon nuclear, energy storage, and solar generation assets, as well as its retail business. The transaction is expected to close on December 31, 2024.
Latham & Watkins LLP is advising Vistra on the acquisition with a corporate deal team led by Houston partner Trina Chandler and New York partner Caroline Phillips, with associates Lachlan Sievert, Kyle Adams, and Jeremie Ruiz. Advice was also provided on tax matters by and Jocelyn Noll, with associate Sam Yang.
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