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New Deal


Announced

Enbridge to acquire a 10% stake in Divert for $80m.

Financials

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Transaction Value£66m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Cross Border

energy infrastructure

Minority

United States

Single Bidder

Private

Integrated Oil and Gas

Pending

Private Equity

private equity

infrastructure

Private Equity

Synopsis

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Enbridge, a pipeline and energy company, agreed to acquire a 10% stake in Divert, a RNG infrastructure company, for $80m. "Our asset positions, cost advantages and, increasingly, our ability to deliver integrated conventional and lower-carbon solutions makes Enbridge the first-choice for energy delivery by our customers. Above all, our leading track record on operational safety and reliability differentiates us and will always be our top priority. This relentless focus, along with our premium growth and low-risk business model, also positions us as the first-choice investment opportunity among our peers," Greg Ebel, Enbridge President and CEO.

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