Veresen closes $1.4 bln buy of half stake in Ruby pipeline system
Veresen Inc (TSX: VSN) has wrapped up its previously announced acquisition of the 50 percent convertible preferred interest owned by Global Infrastructure Partners in the Ruby pipeline system for US$1.425 billion. Ruby is a natural gas transmission system delivering U.S. Rockies natural gas production to markets in the western United States. The U.S.-based Global Infrastructure bought its stake in the system in 2009. Headquartered in Calgary, Veresen owns and operates energy infrastructure assets across North America.
6 November 2014•5 mins read
