Morgan stanley infrastructure partners agrees to sell red oak power facility

New york--(business wire)--morgan stanley investment management (msim), through investment funds managed by morgan stanley infrastructure partners (msip), its private infrastructure investment platform, today announced it has entered into an agreement to sell its ownership stake in tigergenco red oak holdings, llc (“red oak” or the “facility”) to funds managed by strategic value partners. located in sayreville, new jersey, red oak, is part of the pjm interconnection, which is north america's la.
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