Acquiring Company
Canada Pension Plan Investment Board
Acquired Company
ALLETE
DuluthFinancial ServicesDescription
The Minnesota Public Utilities Commission has approved the acquisition of ALLETE by the Pension Plan Investment Board and Global Infrastructure Partners for $6.2 billion. This strategic acquisition is expected to support the infrastructure demands of the clean-energy transition. ALLETE anticipates around $200 million in customer benefits as a result of this acquisition.
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Who to call at Canada Pension Plan Investment Board, and when
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Frequently asked
Who acquired ALLETE?
ALLETE was acquired by Canada Pension Plan Investment Board. The deal was reported on October 3, 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 October 3, 2025. The Minnesota Public Utilities Commission has approved the acquisition of ALLETE by the Pension Plan Investment Board and Global Infrastructure Partners for $6.2 billion. 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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