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| Enbridge invests in CLH The Canadian oil and gas distributor Enbridge Inc. announced that it has signed a binding agreement to sell its 25% stake in Compania Logistica de Hidrocarburos, SA ("CLH"), the leading pipeline transporter of refined products in Spain, to a buyers group consisting of subsidiaries of Deutsche Bank AG, the Public Sector Pension Investment Board, Stichting Pensioenfonds Zorg en Welzijn and AMP Capital Investors. The all-cash consideration for Enbridge's stake will total EUR 876 million (approximately CDN $1.36 billion). Closing of this transaction is expected in mid-June. write your comments about the article :: © 2008 Construction News :: home page |