Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) /
ALLETE, Inc.
Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) completes purchase of ALLETE, Inc.
Source for the buyer and target: ALLETE, Inc.
For the buyer and target.
“DULUTH, Minn.—ALLETE, Inc. (NYSE: ALE) (the Company) today announced the completion of its acquisition by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP), following the final written order and unanimous approval by the Minnesota Public Utilities Commission (MPUC).”
Published 15 Dec 2025
Open the sourceWhat happened
Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) completed its acquisition of ALLETE, Inc. for $67.00 in cash, according to a filing dated Dec. 15, 2025. [01]
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Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) completes purchase of ALLETE, Inc.
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Announced
“Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) completes purchase of ALLETE, Inc. Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partn…”
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