Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

URS Corporation

MIBRAG Sold to Joint Venture of J&T and CEZ

Posted Wed, 01/07/2009 - 21:06

URS Corporation and NRG Energy, Inc., joint owners of MIBRAG, have completed the sale of the German mining and power company to another joint venture in the Czech Republic. Private Equity firm J&T Finance Group has teamed up with the largest Czech power company CEZ to acquire MIBRAG at a cost of $520 million.