Brussels, 8 August 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of ALLETE, Inc. by funds managed by Global Infrastructure Management, LLC (‘GIP Funds’), both of the US, and Canada Pension Plan Investment Board (‘CPPIB’) of Canada.
The transaction relates primarily to the electric power generation and distribution sector.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11600.