FILE PHOTO: The Enbridge Tower on Jasper Avenue in Edmonton August 4, 2012. REUTERS/Dan Riedlhuber
May 17, 2018
(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 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.
(Reporting by Akshara P in Bengaluru; Editing by Gopakumar Warrier)
