GIC to Become Minority Owner in the Biggest U.S. Indie Electric Trans Company
Posted on 04/20/2016
On February 9, 2016, Canada-based Fortis Inc., an international diversified electric utility holding company, had announced they planned to acquire Michigan-based ITC Holdings Corporation, the largest independent electric transmission company, in a transaction valued at approximately US$ 11.3 billion. Singapore’s GIC Private Limited is now agreeing to acquire a 19.9% equity interest in ITC Holdings […]
- Canada
- Citigroup
- electric
- Fortis
- Government of Singapore Investment Corporation
- Infrastructure
- ITC Holdings
- Michigan
- real assets
- ScotiaBank
