May 6 (Reuters) - Allete ( ALE ) said on Monday a

partnership led by Canada Pension Plan Investment Board and

Global Infrastructure Partners would acquire the U.S. utility

for $6.2 billion, including debt.

The partnership would pay $67 per share in cash for all

outstanding common shares of Allete ( ALE ), a premium of nearly 19.1%

to the company's closing share price on Dec. 4, a day before an

exclusive Reuters report on a potential sale.

Reuters had reported, citing sources that the clean energy

company, with a market value of about $3.7 billion, was

exploring a sale.

The deal is expected to close in mid-2025.

Headquartered in Duluth, Minnesota, Allete ( ALE ) has nearly

188,000 customers in northern Minnesota and northwestern

Wisconsin. It also operates wind, solar, coal-fired, biomass and

hydroelectric power generation assets across the Upper Midwest.

(Reporting by Seher Dareen in Bengaluru; Editing by Shinjini

Ganguli)