MergerLinks Header Logo

Announced

Completed

DT Midstream completed the acquisition of an additional 26.25% stake in Millennium Pipeline for $552m.

Synopsis

DT Midstream, an operator of natural gas interstate and intrastate pipelines, completed the acquisition of an additional 26.25% stake in Millennium Pipeline, a gas distribution company, for $552m. “Increasing our ownership in a premium integrated asset like Millennium Pipeline directly aligns with our strategic investment thesis and accelerates our growth plan. This transaction also increases the revenue contribution from our pipeline segment, underpinned by take-or-pay contracts with high credit quality customers,” David Slater, DT Midstream President and CEO.

Show Details & Financials

Market Context

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US