oil & gas assets
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Ottawa unable to flip $4.5B Trans Mountain by deadline



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The Canadian government is poised to become the official owner of the Trans Mountain pipeline system and expansion project (TMEP) after Ottawa and pipeline owner Kinder Morgan failed to find a private buyer before a July 22 deadline to ointly find a third-party buyer. Instead, Texas-based Kinder Morgan will now take the government’s $4.5 billion (US$3.5 billion) Trans Mountain offer to its shareholders. If shareholder approval is granted, the sale is expected to be......
 
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