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Market
Impact of Allete privatization on renewable energy investment by the end of 2025
5
Resolution / Starting Odds
Increase investment • 33%
Maintain current level of investment • 33%
Decrease investment • 34%
Company sustainability reports, press releases
Story
Allete Goes Private in $6.2 Billion Deal Led by CPP and GIP
May 6, 2024, 12:15 PM
Allete, a U.S.-based clean-energy utility, has agreed to a privatization deal valued at $6.2 billion. The acquisition is led by Global Infrastructure Partners and the Canada Pension Plan Investment Board. The agreed purchase price is $67 per share. Allete's dividends are expected to continue post-acquisition.
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Expansion of projects • 33%
Reduction of projects • 33%
No significant change • 34%
Less than $10 billion • 25%
$10 billion to $50 billion • 25%
$50 billion to $100 billion • 25%
More than $100 billion • 25%
Less than $1 billion • 25%
$1 billion to $3 billion • 25%
$3 billion to $5 billion • 25%
More than $5 billion • 25%
Increased investment in renewable energy • 25%
Increased investment in other fossil fuels • 25%
No significant change in investments • 25%
Decreased overall investment in energy • 25%
Expands to other states • 33%
Expands internationally • 33%
Remains only in Texas • 34%
Significant increase in investments • 25%
Moderate increase in investments • 25%
No significant change • 25%
Decrease in investments • 25%
Stock price up over 15% • 25%
Stock price up 5-15% • 25%
Stock price up less than 5% • 25%
Stock price remains stable or falls • 25%
Positive economic impact • 33%
Negative economic impact • 33%
Neutral economic impact • 34%
