Deals Counterparts

IST3 Infrastruktur Global Sells Stake in Transmission Line to Pension Fund

Project Sale Transmission announced Canada Oct 20, 2024
CHF288M
Deal Value
operating
Stage
Swissgrid
Project

IST3 Infrastruktur Global sold a stake in a transmission line in Canada to an undisclosed pension fund. The financial details of the sale were not disclosed.

Source Intelligence

KEY DETAILS

IST3 Investment Foundation is a Swiss investment foundation. "IST3 Investment Foundation, representing a group of private and public pension funds."

Deal Size
Alpiq completes CHF288 million sale of Swissgrid shares to IST3
Location
Indigenous communities in Alberta acquire 40 per cent stake in APL December 19, 2019
Announcement
Alpiq plans to sell more shares in Swiss grid operator December 22, 2014
Signing
Greystone and IST3 sign agreement to jointly acquire Canadian APL June 26, 2019
PARTIES MENTIONED IN SOURCE
I
IST3 Investment Foundation buyer

"Alpiq completes CHF288 million sale of Swissgrid shares to IST3"

A
Alpiq seller

"Alpiq completes CHF288 million sale of Swissgrid shares to IST3"

G
Greystone Managed Investments buyer

"Greystone and IST3 sign agreement to jointly acquire Canadian APL"

C
Canadian Utilities Limited seller

"Greystone and IST3 sign agreement to jointly acquire Canadian APL June 26, 2019 A consortium, comprising Greystone Managed Investments—a part of Canadian Greystone Infrastructure Fund LP, and IST3 Investment Foundation [on behalf of its investment group IST3 Infrastruktur Global (IST3 IG), a Swiss investment foundation], has entered into a definitive agreement to jointly acquire up to 100 per cent shares of Alberta PowerLine LP (APL), a partnership owned 80 per cent by Canadian Utilities Limited — an ATCO Group, and 20 per cent by Quanta Services, Inc."

Q
Quanta Services, Inc. seller

"Greystone and IST3 sign agreement to jointly acquire Canadian APL June 26, 2019 A consortium, comprising Greystone Managed Investments—a part of Canadian Greystone Infrastructure Fund LP, and IST3 Investment Foundation [on behalf of its investment group IST3 Infrastruktur Global (IST3 IG), a Swiss investment foundation], has entered into a definitive agreement to jointly acquire up to 100 per cent shares of Alberta PowerLine LP (APL), a partnership owned 80 per cent by Canadian Utilities Limited — an ATCO Group, and 20 per cent by Quanta Services, Inc."

S
Seven indigenous communities in Alberta buyer

"Indigenous communities in Alberta acquire 40 per cent stake in APL December 19, 2019 Canadian Utilities Limited, an ATCO Group company, and Quanta Services, Inc. have completed the sale of their 40 per cent stake in Alberta PowerLine LP (APL) to seven indigenous communities in Alberta."

medium quality Enriched Feb 19, 2026

Timeline

Announced
Oct 20, 2024
Signed
Jun 26, 2019
Closed

Market Context

This deal is part of the Transmission sector in Canada.
140
Transmission deals
78
deals in Canada
1 of 139 Transmission deals tracked this month · Updated daily

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