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Jan 28, 2021 · Duke Energy, alongside GIC, today announced that it has entered into a definitive agreement for an acquisition of a 19.9 percent interest in Duke Energy Indiana, a subsidiary of Duke Energy, by an affiliate of GIC Private Limited, Singapore’s sovereign wealth fund and an experienced investor in U.S. infrastructure.
Sep 8, 2021 · GIC acquires 11.05% minority interest in Duke Energy Indiana for $1.025 billion in first of two-phase closing; will ultimately acquire 19.9% minority interest for $2.05 billion. Transaction addresses Duke Energy’s equity needs in five-year plan; helps fund company’s $59 billion capital plan focused on clean energy investments.
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