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Announced

Enbridge to acquire Tres Palacios Gas Storage from Crestwood and Brookfield for $335m.

Synopsis

Enbridge, a Canadian pipeline operator, agreed to acquire Tres Palacios Gas Storage from Crestwood, a private equity investor focusing on the areas of energy and renewable energy, and Brookfield, a Canadian multinational company, for $335m. The transaction is expected to close in the second quarter 2023 subject to customary regulatory approvals.

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