TC ENERGY SALE: TCEnergy Corp. is selling a 40 per cent stake in its Columbia Gas Transmission and Columbia Gulf Transmission systems to New York City-based Global Infrastructure Partners for $5.2 billion.
July 25, 2023
The move, announced Monday, is the culmination of an asset divestiture program that Calgary-based TC Energy announced last fall. The company stated at the time it would seek to sell off at least $5 billion in non-core assets by the end of 2023, in order to help finance its larger expansion goals without taking on large amounts of debt.
“To date, we have advanced our deleveraging goals by delivering on our $5+ billion asset divestiture program ahead of our year-end target.” TC Energy said it will remain the operator of the pipelines, and will jointly fund their annual maintenance, modernization and growth together with Global Infrastructure Partners.
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TC Energy selling 40 per cent stake in Columbia gas and gulf pipelinesTC Energy Corp. is selling 40 per cent of its Columbia Gas Transmission and Columbia Gulf Transmission systems to New York City-based Global Infrastructure Partners for $5.2 billion.
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TC Energy sells 40% stake in Columbia gas pipeline system for $5.2 billionTC Energy is selling a 40% stake in its Columbia gas transmission system for $5.2 billion to Global Infrastructure Partners. Read more
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TC Energy sells 40% stake in Columbia gas pipeline system for $5.2 billionTC Energy is selling a 40% stake in its Columbia gas transmission system for $5.2 billion to Global Infrastructure Partners. Read more
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TC Energy sells 40% stake in Columbia gas pipeline system for $5.2 billionTC Energy is selling a 40% stake in its Columbia gas transmission system for $5.2 billion to Global Infrastructure Partners. Read more
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