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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Stocks in play: Innergex Renewable Energy Inc.

Baystreet.ca

Announced today that Jarðvarmi slhf exercised its right of first refusal regarding the sale of Innergex's wholly owned subsidiary Magma Energy Sweden A.B. which owns an equity interest of approximately 53.9% in HS Orka hf. Jarðvarmi is an existing shareholder in HS Orka and is owned by a group of Icelandic pension funds. The sale of Magma Sweden to Jarðvarmi was completed for a sale price of $299.9 million U.S. ($402.2 million Canadian) after giving effect to closing adjustments, on the same terms and conditions as those announced on March 25. Innergex Renewable Energy Inc. shares T.INE are trading up $0.11 at $14.06.