TC Energy's C$1 bln pipeline stake sale to Canada's Indigenous communities delayed

TC Energy says sale of minority stake in pipeline to Indigenous groups is delayed

The $1-billion deal, billed as the country's largest Indigenous equity ownership agreement, has hit a snag.

TC Energy says $1B sale of minority stake in pipeline to Indigenous groups is delayed

The deal was backed by the Alberta Indigenous Opportunities Corp. and negotiated by a consortium committee representing Indigenous communities

TC Energy's sale of stake in pipeline to Indigenous groups delayed

TC Energy Corp. says a deal to sell a minority stake in its Western Canadian natural gas transmission network to a consortium of Indigenous communities has been delayed.

TC Energy's C$1 bln pipeline stake sale to Canada's Indigenous communities delayed

TC Energy's C$1 billion ($736.92 million) deal to sell a minority stake in its Canadian natural gas pipeline system to a consortium of Indigenous communities has been delayed due to a transaction structuring issue, the company said on Tuesday.

Pipeline minority stake's sale to Indigenous groups delayed, TC Energy says

The $1-billion deal will enable 72 Indigenous communities to take a 5.34% stake in its Nova Gas transmission system and Foothills pipelines.

TC Energy says deal to sell minority stake in pipeline to Indigenous groups is delayed

The Calgary-based pipeline company says the deal is delayed ‘due to an identified transaction structuring issue within the NGTL partnership’