KKR buys majority stake in Canada’s Coastal GasLink Pipeline

Monday, 06 January 2020

US equity fund Kohlberg Kravis Roberts (KKR), alongside Alberta Investment, has sealed a deal to purchase a 65 percent equity interest in the Coastal GasLink Pipeline. Spanning over 416 miles, the gas interconnector links the Montney Shale with the Pacific Coast and has been built by TC Energy Corp at a cost of cost of C$6.6 billion (US$5.04bn).

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