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

  • TC Energy's $1-billion pipeline stake sale to Indigenous communities is delayed due to a transaction structuring issue within the NGTL partnership, announced on Tuesday.
  • The deal, backed by the Alberta Indigenous Opportunities Corp. , involves a consortium representing communities in Alberta, British Columbia, and Saskatchewan.
  • Bloomberg News also reported that a $1-billion bond deal to finance the transaction did not close as planned.
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