Cleco Corp wins regulator approval for sale to Macquarie-led group

March 29, 2016 5:46 AM

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Louisiana electricity supplier Cleco Corp (CNL.N) said on Monday that it has got approval from the state's public service commission to sell itself to an investor group led by Macquarie Infrastructure and Real Assets.

The deal, announced on Oct. 20, 2014, valued Cleco at $4.7 billion, or $55.37 per share.

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