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Financial Personal

CPPIB, GIP to buy U.S. utility owner Allete for $3.9 billion

Companies will acquire Allete for US$67 a share in cash

By: financialpost.com
  • May 06 2024
  • 10
  • 5652 Views
CPPIB, GIP to buy U.S. utility owner Allete for $3.9 billion
CPPIB, GIP to buy U.S. utility
Global Infrastructure Partners and Canada Pension Plan Investment Board agreed to acquire Allete Inc., a Minnesota-based utility owner, for about US$3.9 billion. Read More

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