Enbridge Completes Sale of New Brunswick Gas Business
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: PR Newswire
CALGARY, Oct. 1, 2019 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") today announced it has closed the previously announced transaction to sell Enbridge Gas New Brunswick Limited Partnership along with its general partner Enbridge Gas New Brunswick Inc. (together "New Brunswick Gas") to Liberty Utilities (Canada) LP, a wholly-owned subsidiary of Algonquin Power & Utilities Corp., for a cash purchase price of CAD $331 million, subject to certain customary adjustments.This asset sale demonstrates the continued execution of Enbridge's business strategy to focus on core pipeline and utility assets. The transaction proceeds will provide the Company with further flexibility to fund its attractive secured growth program.Forward-Looking InformationForward-looking information, or forward-looking statements, have been included in this news release to provide information about the Company and its subsidiaries and affiliates, including management's assessment of
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