Manulife backs PGE’s Washington utility acquisition

Manulife's backing of PGE's $1.9 billion acquisition of a Washington utility signifies a notable cross-border investment in the US utilities sector. PGE, a major Polish energy group, is partnering with GT Group, a global infrastructure investment firm, to expand its presence into the US market. Manulife's role as a backer suggests confidence in the long-term stability and profitability of the acquired utility asset. This deal highlights the increasing appetite of international energy companies to invest in stable, regulated utility assets in the United States. The acquisition demonstrates the continued attractiveness of the US utilities sector for infrastructure investors seeking stable returns and long-term growth potential. The involvement of a Polish energy giant like PGE, alongside a global investment firm like GT Group, underscores the globalization of infrastructure investment. Manulife's backing further validates the deal's financial viability and strategic importance. The successful completion of this transaction could pave the way for further cross-border investments in the US utilities market.