Cleco wins regulator approval for sale to Macquarie-led group: Reuters
Louisiana electricity supplier Cleco Corp announced it has got approval from the state's public service commission to sell itself to an investor group led by Macquarie Infrastructure and Real Assets, Reuters reported. The deal, announced on October 20, 2014, valued Cleco at US$4.7 billion, or US$55.37 per share. The investor group includes British Columbia Investment Management Corp (bcIMC) and John Hancock Financial, a division of Canadian insurance company and financial services provider Manulife Financial Corp. The deal is expected to close in April.
29 March 2016•1 min read
