Enbridge receives bids as high as $4.5 bln for midstream assets: Reuters
Enbridge Inc has received higher-than-expected bids for the Canadian midstream assets it is selling as part of its debt-reduction efforts, with initial bids valuing the portfolio as high as $4.5 billion, sources told Reuters. Keyera Corp, Pembina Pipeline Corp and Husky Energy Inc’s midstream unit are among suitors that placed preliminary bids ahead of a recent deadline. Wolf Midstream Inc, backed by Canadian Pension Plan Investment Board, has made a bid for some of the assets on offer, and Inter Pipeline and KKR & Co were also said to be interested.
9 May 2018•2 mins read
