Tag: Canadian Pipelines Deal

Enbridge to transfer pipeline business to affiliated fund in $30.4 B deal

Enbridge to transfer pipeline business to affiliated fund in $30.4 B deal

Transaction expected to close in August Enbridge Inc. (TSX:ENB) has agreed to transfer ownership of its Canadian liquids pipeline¬†business to the affiliated Enbridge Income Fund in a transaction valued at $30.4 billion. Enbridge Income Fund Holdings Inc. (TSX:ENF) will assume about $11.7 billion of debt as part of the transaction, the pipeline company¬†has said will […]