Enbridge to sell natural gas business to Brookfield for $4.3 bln: Reuters
Enbridge Inc said this week it would sell its Canadian natural gas gathering and processing business to Brookfield Infrastructure Partners LP and its institutional partners for about $4.31 billion, as part of a move to recast itself as a pipeline utility, Reuters reported. The business includes 19 natural gas processing plants and liquids handling facilities and is spread across Montney, Peace River Arch, Horn River and Liard basins in British Columbia and Alberta. Calgary-based Enbridge has been under pressure to sell non-core assets and reduce its debt.
4 July 2018•2 mins read
