- Enbridge (NYSE:ENB) says it will transfer its Canadian liquids pipelines business and certain Canadian renewable energy assets to Enbridge Income Fund (OTC:EBGUF) in a deal valued at C$30.4B ($24.8B).
- ENB says the deal will provide an alternative source of funding for its growth opportunities and asset acquisitions.
- Enbridge Income Fund, which is operated by ENB, maintains a diversified portfolio of energy transportation and power generation businesses.
- Related ticker: EEP