Williams, CCPIB forge $3.8bn joint venture in Marcellus and Utica Basins
Monday, 01 April 2019
U.S. gas pipeline operator Williams and the Canada Pension Plan Investment Board (CPPIB) have set up a US$3.8 billion joint venture that centers around Williams' Ohio Valley Midstream (OVM) and Utica East Ohio (UEO) Midstream systems. CPPIB agreed to invest about $1.34 billion for a 35% ownership stake in the joint venture, while William will retain the majority stake.
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