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Home » News » CPP Investments and Global Infrastructure Partners to Acquire Allete in $6.2 Billion Deal
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CPP Investments and Global Infrastructure Partners to Acquire Allete in $6.2 Billion Deal

By Patrick VaughnMay 6, 20242 Mins Read
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Credit: Allete
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A consortium led by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) has reached a definitive agreement to purchase US energy firm Allete in a deal valued at $6.2 billion, including debt assumption. Under the terms of the agreement, the acquisition will be at a price of $67.00 per share in

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