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New Deal


Announced

Enbridge to acquire seven renewable gas facilities from Morrow Renewables for $1.2bn.

Financials

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Transaction Value£977m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Pending

Real Estate

Single Bidder

Alternative Fuels

renewable natural gas

Acquisition

Majority

Private

Domestic

Friendly

Synopsis

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Enbridge, an oil and gas company, agreed to acquire seven renewable gas facilities from Morrow Renewables, a renewable energy company, for $1.2bn. “This transaction represents a uniquely de-risked portfolio of operating and scalable RNG assets. The landfill gas-to-RNG facilities . . . will accelerate progress toward our energy transition goals. I am pleased to welcome the Morrow Renewables team members to the Enbridge family,” Greg Ebel, Enbridge President and CEO.

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