Reuters: Enbridge seeks to double its initial target for asset sales [Seeking Alpha]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: Seeking Alpha
Reuters: Enbridge seeks to double its initial target for asset salesEnbridge (NYSE:ENB) plans toaccelerate its divestment program by selling assets valued at ~C$8B (US$6.4B) this year, more than twice its initial sale target, Reuters reports.Under pressure from both investors and rating agencies, ENB wants to ramp up the sale of non-core assets from C$3B it forecast in November, according to the report.ENB is said to be working with an investment bank to sell Canadian and U.S. renewable energy assets worth more than C$2B and seeks to offload Canadian midstream assets, largely the result of last year's merger with Spectra Energy, that could fetch as much as C$4B.Click to subscribe to real-time analytics on ENBNow read:Enbridge Looks Cheap At $34 »
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ENB
Earnings
- 2/9/24 - Beat
ENB
Sec Filings
- 4/5/24 - Form 8-K
- 4/4/24 - Form 424B5
- 4/2/24 - Form FWP
- ENB's page on the SEC website