DTE Energy To Sell DTE Vantage Business For $3 Billion To J.P. Morgan Asset Management Investors And Expand Utility Investments To $44 Billion
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Summary
DTE Energy, a Detroit-based electric and natural gas utility company, has entered into an agreement to sell substantially all of its non-utility DTE Vantage business for approximately $3 billion to institutional investors advised by the Global Infrastructure group at J.P. Morgan Asset Management. The transaction will support DTE's strategy of concentrating on regulated utility operations and expanding infrastructure investments across Michigan. The post DTE Energy To Sell DTE Vantage Business For $3 Billion To J.P. Morgan Asset Management Investors And Expand Utility Investments To $44 Billion appeared first on Pulse 2.0 .
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