John Laing Limited has reached an agreement to acquire 50% stake in Pioneer Transmission, LLC from Duke Energy Corporation (NYSE:DUK) on April 4, 2024. The transaction is expected to close by year-end 2024 and is subject to customary closing conditions, including approvals from the Federal Energy Regulatory Commission and Indiana Utility Regulatory Commission. BMO Capital Markets Corp.

acted as a financial advisor to Duke Energy Corporation. Holland & Hart LLP acted as a legal advisor to Duke Energy Corporation. Macquarie Capital (USA) Inc. acted as a financial advisor to John Laing.

McGuireWoods LLP acted as a legal advisor to John Laing. Calfee, Halter & Griswold LLP acted as a legal advisor to John Laing. Gibson, Dunn & Crutcher LLP acted as a legal advisor to John Laing.

Leo Berwick served as accountant to John Laing. Mazars acted as a financial advisor to John Laing.