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Enbridge to consolidate assets in $8.94 bln restructuring

Published 2018-05-17, 05:43 a/m
© Reuters.  Enbridge to consolidate assets in $8.94 bln restructuring
ENB
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SEP
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May 17 (Reuters) - Enbridge Inc ENB.TO said on Thursday it would bring its sponsored vehicles and all liquids and gas pipeline assets under a single listed entity as part of a move to streamline its corporate and capital structure.

Enbridge said it would buy in outstanding shares of its various corporate units, including Spectra Energy (F:SEP) Partners

SEP.N , for a value of C$11.4 billion ($8.94 billion), or 272 million of its common shares.

The transaction will not have any impact on its three-year financial guidance, the company said. ($1 = 1.2753 Canadian dollars)

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