Post by
autofocus111 on Oct 27, 2023 4:24pm
More asset sales coming
I wasn't expecting the Mexican assets to be on the list.
>>>The Calgary-based company is working on a the sale of a minority stake in the ANR Pipeline Co., which it has ascribed an enterprise valuation of about $3 billion, said the people, who asked not to be identified because they weren’t authorized to speak publicly. TC is also looking at selling a minority of its Mexican operation, which has annual earnings before interest, taxes, depreciation and amortization of about $600 million. Other potential transactions include a controlling stake in the Portland Natural Gas Transmission System and a significant minority stake in the Millennium Pipeline, both of which have enterprise values of more than $1 billion, the people said.
https://finance.yahoo.com/news/tc-energy-exploring-stake-sales-193402582.html