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.
, 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.
(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 ...
Duluth-based utility provider Allete says the move will help provide the capital needed to transition away from fossil fuels.
The parent company of Duluth-based utility Minnesota Power will go private after a $6.2 billion sale, which the company said ...
The new deal values the utility’s equity at $3.86-billion, marginally above its $3.7-billion market valuation in December ...
(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, ...
(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 deal ...