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GIC buys stake in Duke Energy Indiana for USD 2 billion
Published by:
Sandy Bhadare
at 02 Feb 2021
Singapore capital market company GIC has swept up a minority stake in electric power holding company Duke.
Singapore capital market company GIC has swept up a minority stake in electric power holding company Duke Energy Corporation’s Indiana operations for USD 2.05 billion.
Sidley Austin acted for GIC on acquiring an indirect 19.9% interest in Duke Energy Indiana, a subsidiary of New York Stock Exchange-listed Duke Energy.
Proceeds received from the transaction will be used by Duke Energy to fund its USD 58 billion capital plan, a five-year plan aiming to accelerate the company’s transition to clean energy. ....

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