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Regulators Approve $6.2B Minnesota Power Takeover Amid Controversy

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Source: Yahoo Finance
Regulators Approve $6.2B Minnesota Power Takeover Amid Controversy
Photo: Yahoo Finance
TL;DR

Minnesota regulators approved a $6.2 billion takeover of Minnesota Power by a BlackRock subsidiary and the Canada Pension Plan Investment Board, despite opposition from the attorney general and industrial electricity buyers, with assurances that customer rates will not increase and safeguards are in place.

Topics:top-newsbusiness#blackrock#business#energy#minnesota-power#regulation#takeover
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  1. Regulators approve disputed $6.2B takeover of Minnesota Power by investment group  Yahoo Finance
  2. State regulators approve sale of Allete  Duluth News Tribune
  3. MN PUC greenlights BlackRock takeover—Minnesotans lose  Private Equity Stakeholder Project PESP
  4. Private Equity Power Play in Minnesota  The American Prospect
  5. Takeover of Minnesota Power by investment group approved by regulators despite state objections  CBS News

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