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New Deal


Announced

Completed

Enbridge completed the acquisition of Tri Global Energy for $270m.

Financials

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Transaction Value£251m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Cross Border

Private

bioenergy

renewable energy

Acquisition

Alternative Fuels

Completed

energy

United States

Majority

Single Bidder

Synopsis

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Enbridge, a multinational pipeline company, completed the acquisition of Tri Global Energy, a renewable project developer, for $270m. "TGE will enhance Enbridge's renewable platform and accelerate our North American growth strategy. TGE's significant development pipeline, coupled with our renewable capabilities, and existing self-power opportunities, make this a truly synergistic investment that further positions us to grow organically at attractive equity returns. We're excited to be welcoming the TGE team to Enbridge, further strengthening our capabilities as we ramp up our renewable business," Al Monaco, Enbridge President and Chief Executive Officer.

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