Allete said on Monday U.S. investment management company Global Infrastructure Partners and Canadian pension fund CPP ...
A Canadian pension board and an investment fund partnered to buy the company, which will keep its headquarters in Minnesota.
Duluth-based utility provider Allete says the move will help provide the capital needed to transition away from fossil fuels.
Allete Inc., the parent company of Minnesota Power, said Monday it's being taken private in a buyout led by led by the Canada ...
The new deal values the utility’s equity at $3.86-billion, marginally above its $3.7-billion market valuation in December ...
The parent company of Duluth-based utility Minnesota Power will go private after a $6.2 billion sale, which the company said ...
(Adds CEO comments in paragraphs 4 and 5, and industry context in paragraphs 2 and 3) By Seher Dareen and David French May 6 (Reuters) - U.S. utility Allete said on Monday that it had agreed a ...
, opens new tab said on Monday that it had agreed a deal with investment firms Global Infrastructure Partners and CPP Investments to be taken private at a $6.2 billion valuation, inclusive of debt.
(Reuters) -U.S. utility Allete said on Monday that it had agreed a deal with investment firms Global Infrastructure Partners and CPP Investments to be taken private at a $6.2 billion valuation, ...