BIP BLUE BUYER L.L.C. /
NIPSCO Holdings II LLC
Blackstone affiliate to purchase a 19.9% stake in NIPSCO Holdings II LLC
- Price
- $2.150bn
- Stage
- Agreement signed
What happened
NiSource Inc. and its wholly-owned subsidiary, NIPSCO Holdings II LLC, entered into an agreement with BIP BLUE BUYER L.L.C. for the investor to purchase newly issued interests representing a 19.9% stake in Holdings II.
The purchase price is $2.150 billion in cash, subject to adjustments. NiSource Inc. will retain an 80.1% controlling interest in NIPSCO.
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Blackstone affiliate to purchase a 19.9% stake in NIPSCO Holdings II LLC
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