Acquiring Company
Canada Pension Plan Investment Board
Acquired Company
ALLETE
DuluthFinancial ServicesDescription
Canada Pension Plan Investment Board plans to acquire ALLETE, Minnesota Power's parent company, for $6.2 billion. Public hearings are being held to discuss the proposed acquisition, with approval required from the Minnesota Public Utilities Commission. ALLETE has assured that electricity rates will not be affected and will continue to be locally managed. Opponents of the acquisition express concerns over potential risks for ratepayers and the future of clean energy investments.
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Who to call at Canada Pension Plan Investment Board, and when
When Canada Pension Plan Investment Board changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Canada Pension Plan Investment Board raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Canada Pension Plan Investment Board, from your own LinkedIn network
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Fundz sees it the moment Canada Pension Plan Investment Board makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired ALLETE?
ALLETE was acquired by Canada Pension Plan Investment Board. The deal was reported on April 7, 2025. A Canadian investment management organization that invests in various asset classes. It focuses on providing financial services and solutions to the Canadian pension plan. Canada Pension Plan Investment Board is privately held and operates in Financial Services.
When did Canada Pension Plan Investment Board acquire ALLETE?
Canada Pension Plan Investment Board's acquisition of ALLETE was reported on April 7, 2025. Canada Pension Plan Investment Board plans to acquire ALLETE, Minnesota Power's parent company, for $6.2 billion. Public hearings are being held to discuss the proposed acquisition, with approval required from the Minnesota Public Utilities Commission. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ALLETE do?
Allete is a prominent energy company and a diversified corporation operating in the United States. It is known for its significant presence in the energy sector, particularly in power generation, transmission, and distribution. It is privately held, and is based in Duluth.
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