'TC Energy Is Exploring Stake Sales Of Assets Worth $10B; Company Plans To Sell Mix Of Majority And Minority Stakes; TC Announced Spinoff Of Its Liquids Pipelines Business In July' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
TC Energy Corp. is reportedly planning to sell a mix of majority and minority stakes in assets worth $10 billion. The move is aimed at reducing debt and funding new investments. The company is working on the sale of a minority stake in the ANR Pipeline Co., valued at about $3 billion.
October 27, 2023 | 7:50 pm
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TC Energy's planned sale of assets could reduce the company's debt and provide funds for new investments, potentially strengthening its financial position.
The sale of assets, including a minority stake in ANR Pipeline Co., could help TC Energy reduce its debt and fund new investments. This could potentially improve the company's financial health and make it more attractive to investors, potentially driving up its stock price in the short term.
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