FirstEnergy to sell additional 30% stake in FET business to Brookfield for $3.5 billion (NYSE:FE)

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FirstEnergy (NYSE:FE) announced Thursday that it has agreed to sell an additional 30% equity stake in its FirstEnergy Transmission business to an affiliate of Brookfield Asset Management (NYSE: BAM) for $3.5 billion in cash.

FET is a holding companyFE

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