Duluth-based Allete to be sold, go private for $6.2 billion
The parent company of Minnesota Power would be taken private for $67 per share.
Source: brainerddispatch.com
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ALLETE Enters Agreement to be Acquired by a Partnership Led by Canada Pension Plan Investment Board and Global Infrastructure Partners to Advance 'Sustainability-in-Action' Strategy
Positions ALLETE to Execute Clean-Energy Future for Customers, Communities and Employees as a Private Company ALLETE to Remain Locally Managed and Operated with Headquarters in Duluth,...
Source: marketscreener.com
ALLETE enters agreement to be acquired
ALLETE, Inc. (NYSE: ALE) will be acquired for $67 per share in cash, or $6.2 billion including the assumption of debt.
United States James Bryce Bayo Ogunlesi Bethany Owen Minnesota Power Foundation Public Service Commission Of Wisconsin
Source: businessnorth.com
GIP Australia Fund surpasses new milestone
Australias institutional investors are showing enthusiasm for the infrastructure fund.
Source: financialstandard.com.au
INA, GIP team up for infrastructure investment in Indonesia
The Indonesia Investment Authority (INA) has partnered with GIP to advance infrastructure investment within the archipelago.
Source: dealstreetasia.com
Nigeria's troubled economy, the danger of populism and the way forward, By Frank Nweke II
Nigeria can survive this extremely challenging time. The government must however jettison all pretensions to partisanship.
Abuja Federal Capital Territory Niger State Abiodun Adedipe Atedo Peterside Ayo Teriba Benedict Orama
Source: premiumtimesng.com
Closure of Sahad Stores: This is not a time for populism, by Frank Nweke II
This action and others contemplated by the Federal Government suggest that it has reached its wits end.
Niger State Abuja Federal Capital Territory Benedict Orama Osita Ogbu Ngozi Okonjo Iweala Bayo Ogunlesi
Source: theeagleonline.com.ng
Eversource to sell stake in US offshore wind projects for $1.1bn
Eversource Energy has agreed to divest 50% stake in two offshore wind projects in the US to Global Infrastructure Partners (GIP) for $1.1bn.
Source: power-technology.com
Eversource's Q4 Earnings Miss, Offshore Wind Business Exit, Eyes Water Distribution Business Sale & More What's Going On With Eversource Energy (ES) Shares Today? - Eversource Energy (NYSE:ES)
Eversource Energy reported Q4 FY23 revenue of $2.69B, missing consensus of $3.24B. Adjusted earnings rose to $333.5M but adjusted EPS of $0.95 missed consensus. FY24 adjusted EPS outlook is $4.50-$4.67.
United States Bayo Ogunlesi Eversource Energy Natural Gas Distribution Wind Business Exit South Fork Wind
Source: benzinga.com
Wall Street warms to climate tech
Big investors and the government are helping climate startups survive the path to profitability.
Source: eenews.net