Brookfield closes $2.5 bln part of Enbridge natural gas assets buy
Brookfield Infrastructure has closed its acquisition of the provincially regulated portion of Enbridge Inc's (TSX, NYSE: ENB) natural gas gathering and processing business in the Montney, Peace River Arch, Horn River and Liard basins in British Columbia and Alberta. The provincially regulated assets reflect $2.5 billion of a $4.31 billion deal Brookfield entered into earlier this year. The acquisition of the federally regulated assets is expected to close in mid-2019. The combined business, which includes 19 plants and 3,550 kilometres of pipelines, will be called NorthRiver Midstream Inc.
2 October 2018•3 mins read
