Deal snapshot: ALLIANT ENERGY CLOSES SALE OF MINNESOTA ELECTRIC DISTRIBUTION ASSETS.
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.
Target: Alliant Energy/Minnesota electric distribution assets
Buyer: Southern Minnesota Energy Cooperative
Vendor: Alliant Energy
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Aug 4, 2015|
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