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NRG Energy targets asset sales of up to $4 bln

(Adds details, background)

July 12 (Reuters) - NRG Energy Inc said it was targeting asset sales of up to $4 billion as part of an agreement with activist investors Elliott Management and Bluescape Energy Partners to cut costs and reduce debt.

Shares of the largest independent U.S. power producer were up 11 percent at $18.15 in premarket trading on Wednesday.

As part of the deal reached in February with Elliott and private equity firm Bluescape, NRG...