Is Allete a private company?

ALLETE has entered an agreement to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners and start the process to become a private company. Learn more at

Where is French Guiana located?

French Guiana[a] is an overseas department and region of France located on the northern coast of South America in the Guianas and the West Indies. Bordered by Suriname to the west and Brazil to the east and south, French Guiana covers a total area of 84,000 km 2 (32,000 sq mi) and a land area of 83,534 km 2 (32,253 sq mi).

Will Global Infrastructure Partners buy Allete?

Simply sign up to the Renewable energy myFT Digest -- delivered directly to your inbox. US private capital group Global Infrastructure Partners and Canada’s largest pension fund are nearing a deal to buy Allete, a regulated utility with sizeable clean energy operations, for about $5bn, said two people familiar with the matter.

Is French Guiana a new migrant gateway to France?

"French Guiana: A new migrant gateway to France buckles under pressure". Retrieved 26 December 2021. ^ Thebia, Boris (3 February 2021). "In a French outpost in South America, no secret EU gateway for fleeing Cubans". Retrieved 26 December 2021. ^ Palmerlee, Danny (2007). South America. Lonely Planet. ISBN 978-1-74104-443-0. ^ INSEE.

How much money will Allete acquire?

Terms, Approvals and Timing In connection with the merger, CPP Investments and GIP will acquire all of the outstanding common shares of ALLETE for $67.00 per share in cash representing an enterprise value of approximately $6.2 billion, including ALLETE’s net debt.

Is French Guiana part of the European Union?

French Guiana, as part of France, forms part of the European Union – the largest landmass for an area outside of Europe (since Greenland left the European Community in 1985), with one of the longest EU external boundaries.