An investment funds managed by KKR and the Public Sector Pension Investment Board, one of Canada's largest pension investors, announced an agreement to acquire a 19.9% interest in American Electric Power's (AEP) Ohio and Indiana & Michigan transmission companies for $2.82 billion.
KKR and the Public Sector Pension Investment Board or "PSP Investments" have formed a 50/50 strategic partnership to pursue the acquisition.
Upon the closing of the transaction, AEP will remain the majority owner and operator of the transmission assets. KKR is funding this investment from its core infrastructure strategy.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.