Canada’s TC Energy to Sell Pipeline Stake to Indigenous Groups for $722 Million
Pipeline operator TC Energy Corp. said Tuesday, July 30, it will sell a 5.34% stake in its Canadian natural gas pipeline system to Indigenous communities for C$1 billion ($722.1 million) as part of its plan to reduce the debt burden and fund investments.
The deal will see an Indigenous-owned investment partnership acquire a minority interest in the NGTL system and Foothills assets in western Canada.
Photo courtesy of Jason Woodhead.
Source: Pipeline Technology Journal (link opens in a new window)
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