BlackRock and Morgan Stanley investment funds acquire TC Energy's Portland Natural Gas Transmission System for $1.14bn.
BlackRock and Morgan Stanley investment funds have agreed to purchase TC Energy's Portland Natural Gas Transmission System for approximately $1.14bn. The deal includes the assumption of $250m in debt, with the aim of reducing TC Energy's long-term debt and funding investments. The Portland Natural Gas Transmission System consists of 295 miles of natural gas pipelines in northern New England and Atlantic Canada.
March 04, 2024
33 Articles