GIC, Fortis complete $11.3b acquisition of electric transmission firm ITC Holdings

GIC, Fortis complete $11.3b acquisition of electric transmission firm ITC Holdings

Photo: Reuters

North American utility firm Fortis Inc and Singapore government’s investment vehicle GIC Private Ltd have completed their acquisition of Michigan-based electric transmission company ITC Holdings Corp for about $11.3 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter