In May, the company announced a definitive agreement was in place to sell Midcoast Operating and its subsidiaries to AL Midcoast Holdings, an affiliate of ArcLight Capital Partners, for a cash purchase price of CA$1.4 billion (US$1.08 billion).
“We are pleased to have moved quickly to execute and close these transactions at strong valuations,” said Enbridge President and CEO Al Monaco.
Midcoast Operating conducts natural gas and natural gas liquids (NGL) gathering, processing, transportation and marketing businesses, serving established basins in Texas, ...
Continue Reading ?AOûT