16:55:02 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 943,186,589
Close 2017-02-09 C$ 56.37
Market Cap C$ 53,167,428,022
Recent Sedar Documents

Globe says Dakota builder selling interest to Enbridge

2017-02-10 06:48 ET - In the News

The Globe and Mail reports in its Friday edition that the company building the Dakota Access pipeline expects to close the sale of a minority interest in the project to Enbridge, in light of the U.S. government's approval for its completion. The Globe's Shawn McCarthy writes that Energy Transfer Partners has resumed construction at the disputed site on the Missouri River in Standing Rock, N.D., after receiving a required easement from the U.S. Army Corps of Engineers that was under orders to provide it from President Donald Trump. The company said it expected to complete previously announced debt and equity financing worth $2.6-billion (U.S.) "within the next several days." That includes the sale of a 37-per-cent interest in the Bakken pipeline system, which includes Dakota Access, to Enbridge and Marathon Petroleum that was announced last August. When the deal closes, Enbridge would acquire a 27.6-per-cent interest in the Bakken properties for $1.5-billion (U.S.), to be held in its subsidiary Enbridge Energy Partners. The deal had been scheduled to close in the third quarter. In January, Enbridge extended the deadline to March 31, saying certain conditions still had to be met.

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