Announced
Completed
Financials
Tags
Domestic
Single Bidder
Friendly
Acquisition
gas pipeline
Pipelines
Canada
Completed
Private
Infrastructure
Majority
Synopsis
CGL FNLP completed the acquisition of Coastal Gaslink, a developer a natural gas pipeline, from TC Energy, an energy distributor. Financial terms were not disclosed. “We are proud to advance our relationships with the Indigenous communities across the route through equity ownership in Coastal GasLink. Together, as business partners, we have the opportunity to learn, grow and change the way energy is developed in Canada. This is one of the ways we can advance reconciliation,” Francois Poirier, , TC Energy President and Chief Executive Officer.
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