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MI - TC sells 65% of $5B Coastal GasLink pipeline to KKR and AIMCo - January 2020
TC Energy is selling a 65% stake in its under-construction Coastal GasLink pipeline in British Columbia to KKR and Alberta Investment Management Corp. The sale allows TC to ease its capex load as Coastal GasLink is part of C$32 billion ($24 billion) in growth projects it expects to enter service by 2023. While the sale price was not announced, TC said it expects to record an after-tax gain of C$600 million for its divested......
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