Economy · World
Enbridge Acquires US Pipeline Assets for $2.55 Billion
Canadian energy company Enbridge has announced a deal to acquire Tallgrass Energy's crude oil business for $2.55 billion. The acquisition includes a 75 percent interest in the Pony Express Pipeline system, which transports oil to a major storage hub in Cushing, Oklahoma. This deal represents a further expansion of Enbridge's operations in the United States.
How outlets across the spectrum covered it
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- Centre (3): CBC News, Global News (Canada), The Globe and Mail