Thursday, February 12, 2026 at 2:23 PM
The Canada Pension Plan Investment Board has entered into a $3.4 billion deal to acquire a 50% stake in the Peruvian power producer Inkia Energy, partnering with I Squared Capital, which has been invested in the company since 2017.
AIA, J.P. Morgan Asset Management and International Finance Corp are among the companies vying for shares in the Malaysian company.
Portland General Electric has struck a deal to buy the wind, natural-gas generation and distribution assets of Berkshire Hathaway’s PacifiCorp unit in Washington state for $1.9 billion.
Militants have escalated attacks in a province where the U.S. wants to invest $1.25 billion as part of its effort to counter China.
The private-equity firm is set to reap a more than twofold gross return from the $4.7 billion sale of natural-gas fired power plants backed by the new fund.
)