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Canada’s Enbridge Said to Near Deal for Major US Oil Pipeline
Source: Bloomberg
M&A & RestructuringEnergy Markets & PricesInfrastructure & Defense
Enbridge is in advanced talks to acquire a major U.S. crude-oil pipeline from Blackstone-owned Tallgrass Energy for about $2 billion. The potential transaction would expand Enbridge's U.S. energy-infrastructure footprint and represents a meaningful asset sale for Tallgrass and Blackstone.
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