CCP, Global Infrastructure Partners to acquire Allete
- Admin
- May 6, 2024
- 1 min read
CPP Investments and Global Infrastructure Partners (GIP) have agreed to acquire Allete, a U.S. energy firm, for approximately $6.2 billion, assuming debt. Allete, known for its focus on clean energy and sustainability, aims to transition to a private company to gain access to capital for significant investments in renewable energy and infrastructure. Leadership from both CPP Investments and GIP expressed alignment with Allete's values and a commitment to supporting its ongoing initiatives and community ties.
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