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Deal snapshot: ALLIANT ENERGY CLOSES SALE OF MINNESOTA ELECTRIC DISTRIBUTION ASSETS.

MANews-(C)2009-2015

US-based utility operator Alliant Energy's Iowa utility has closed the sale transaction of its Minnesota electric distribution assets to the 12 member cooperatives of Southern Minnesota Energy Cooperative, the company said. Effective July 31, SMEC member cooperatives are handling all aspects of electric service to 43,000 former Alliant Energy customers who have become member-owners of their local cooperatives as a result of the sale.

Country: USA

Sector: Utilities

Target: Alliant Energy/Minnesota electric distribution assets

Buyer: Southern Minnesota Energy Cooperative

Vendor: Alliant Energy

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Aug 4, 2015
Words:107
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