TC Energy sells $1B Nova Gas stake to Indigenous Canadian communities, Canada's largest Indigenous equity ownership agreement.
TC Energy is set to sell a $1 billion stake in its Nova Gas transmission system and Foothills pipeline assets to certain Indigenous Canadian communities. The deal, backed by Alberta Indigenous Opportunities Corporation, will enable up to 72 Indigenous communities closest to natural gas infrastructure assets in western Canada to become equity owners. The transaction is expected to close in the third quarter and marks Canada's largest Indigenous equity ownership agreement.
July 30, 2024
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