$3.3 billion sale values assets at 12xEBITDA
Enbridge (ticker: ENB) continued its transformation yesterday, exiting the gas gathering business in Canada.

Enbridge will sell its Canadian natural gas gathering and processing infrastructure to Brookfield Infrastructure (ticker: BIP) and its institutional partners. The assets cover the heart of Canadian natural gas, including the Montney, Peace River Arch, Horn River and Liard basins in Alberta and British Columbia.

Source: Enbridge Investor Presentation

In total, Enbridge sold 19 gas pro...

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