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BKH - Black Hills News Story

$67.42 -1.2  -1.8%

Last Trade - 05/05/21

Large Cap
Market Cap £3.05bn
Enterprise Value £5.83bn
Revenue £1.29bn
Position in Universe 1555th / 6849

Infrastructure alliance Argo buys gas power plant stake

Fri 12th February, 2016 8:10pm
NEW YORK, Feb 12 (Reuters) - Argo Infrastructure Partners, 
an investment manager that has attracted investment from 
California pension fund CalSTRS, is buying a 49.9 percent equity 
interest in a company owning a natural gas-fired power plant in 
Pueblo, Colorado, it said on Friday. 
    The investment into a subsidiary of South Dakota-based Black 
Hills Corp  BKH.N  was made through Argo's infrastructure 
investment platform AIA Energy North America.  
    Argo was started last year by JPMorgan Chase & Co's former 
OECD Infrastructure Investment Fund Chief Investment Officer 
Jason Zibarras. Argo secured $500 million of commitments from 
investors including CalSTRS, the California State Teachers' 
Retirement System, when it formed.*:nL2N0X41EY 
    The fund has now committed or invested more than half its 
 (Reporting by Megan Davies; Editing by Frances Kerry) 
 ((; +1 646 223 6190;)) 
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