NiSource rises on plans to sell NIPSCO stake for $2.15 bln

NiSource

20/06/2023 16:14

** Shares of utility firm NiSource  NI.N  up 1% at $27.65
    ** Co says asset manager Blackstone's  BX.N  infrastructure
unit to acquire a 19.9% equity interest in its unit NIPSCO for
$2.15 bln
    ** NI will hold the remaining stake and continue to operate
the company
    ** Deal is expected to close by the end of 2023
    ** As of last close, shares had risen 0.8% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))