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Enbridge to Buy Tallgrass Crude Business for $2.6 Billion
Source: Bloomberg
M&A & RestructuringEnergy Markets & PricesInfrastructure & Defense
Enbridge agreed to acquire Tallgrass Energy's crude-oil business from Blackstone for about $2.6 billion. The deal expands Enbridge's North American energy-infrastructure footprint and is likely to be material for the companies involved and the midstream sector.
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