NiSource sells stake in NIPSCO for $2.15 bln to Blackstone (updated)

NiSource

20/06/2023 11:22

(Adds transaction details in paragraphs 2-4)
       June 20 (Reuters) - Utility firm NiSource  NI.N  said on
Tuesday that asset manager Blackstone's  BX.N  infrastructure
unit has agreed to acquire a 19.9% equity interest in its unit
NIPSCO for $2.15 billion.
    NIPSCO is an integrated electric and gas distribution unit
that operates in Indiana and serves about 1.3 million customers.
    NiSource would hold the remaining stake and continue to
operate the company.
    The transaction is expected to close by the end of 2023.

    

 (Reporting by Sourasis Bose in Bengaluru; Editing by Shilpi
Majumdar)
 ((Sourasis.Bose@thomsonreuters.com;))