Feds approve $480 mln sale of Capstone Infrastructure to iCON

Federal regulators have approved the sale of Capstone Infrastructure Corp (TSX: CSE), a Canadian infrastructure investment firm, to an affiliate of U.K.-based iCON Infrastructure LLP. The deal, announced in January, has an equity value of about $480 million and is expected to close by the end of this month. Based in Toronto, Capstone invests in a range of infrastructure assets, including power, utilities, transportation and public-private partnerships.

DealsCanadaNorth AmericaBriefs