Husky selling part interest in midstream assets for $1.7 bln: Reuters

Oil and gas producer Husky Energy Inc reported a first-quarter loss on Monday and said it has agreed to sell a partial interest in a package of Canadian midstream energy assets to two Hong Kong-based firms for $1.7 billion in cash, Reuters reported. The three companies will form a new limited partnership of which Husky will own 35 percent, Power Asset Holding Ltd will own 48.75 percent and Cheung Kong Infrastructure Holdings Ltd will own 16.25 percent. Cheung Kong Infrastructure, like Husky, is controlled by Hong Kong billionaire Li Ka-shing.

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