Investors complete Puget Energy acquisition
February 9th, 2009
An investor group led by Australian bank Macquarie Group completed its $7.4 billion acquisition of Puget Energy Friday.
Puget Energy Inc. (NYSE: PSD) is the holding company for Bellevue-based Puget Sound Energy, Washington state’s largest electric and natural gas utility.
Various federal and state regulators had already approved the merger fast cash without a hassle. The investors, who also include the Canada Pension Plan Investment Board and British Columbia Investment Management Corp, will take the utility private.
Filed under: money by Specialist