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Brookfield Strikes $9 Billion Deal For Colonial Pipeline—Shell Offloads Minority Stake - Shell (NYSE:SHEL)

Summary by Benzinga

Shell PLC (NYSE:SHEL) shares are trading lower premarket on Friday. On Thursday, the company’s subsidiary, Shell Midstream Operating LLC, reached an agreement to sell its 16.125% stake in Colonial Enterprises, Inc. to Brookfield Infrastructure Partners LP’s (NYSE:BIP) subsidiary, Colossus AcquireCo LLC, for $1.45 billion. Together with Shell, the co-owners of Colonial Enterprises have agreed to sell 100% of their Colonial shares to Brookfield. I…

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Benzinga

Center

Brookfield Strikes $9 Billion Deal For Colonial Pipeline—Shell Offloads Minority Stake - Shell (NYSE:SHEL)

11 hours ago·New York, United States

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Financial Post

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Brookfield Infrastructure Announces the Acquisition of Colonial Enterprises

BROOKFIELD, News, April 03, 2025 (GLOBE NEWSWIRE) — Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) and its institutional partners (colle…

21 hours ago·Canada

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North Bay Nipissing

+7 Reposted by 7 other sources

Lean Left

Brookfield Infrastructure Announces the Acquisition of Colonial Enterprises

BROOKFIELD, News, April 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) and its institutional partners (collectively, “Brookfield Infrastructure”) reached a definitive agreement to acquire 100% of the world-class midstream asset portfolio Colonial Enterprises (“Colonial”),…

1 day ago·North Bay, Canada

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The Texas Lawbook

Brookfield Infrastructure Announces Acquisition of Colonial Enterprises for $9B - The Texas Lawbook

Brookfield Infrastructure Partners, the infrastructure company of New York's Brookfield Asset Management, and its institutional partners announced on April 3 that it had entered an agreement to acquire 100 percent ownership of Colonial Enterprises and its midstream asset portfolio for $9 billion. Lawyers from Kirkland & Ellis and Simpson Thacher are advising on the deal. The post Brookfield Infrastructure Announces Acquisition of Colonial Enterp…

7 hours ago

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Hart Energy

Brookfield Infrastructure Partners Buys Colonial Pipeline for $9B

Brookfield Infrastructure Partners LP has agreed to acquire Colonial Enterprises, the owner of the Colonial Pipeline, in a deal valued at $9 billion.

8 hours ago

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Transport Topics

Brookfield to Buy Colonial Pipeline Owner in $9 Billion Deal

Brookfield Infrastructure Partners and its institutional associates agreed to acquire Colonial Enterprises, the operator of the biggest U.S. fuel pipeline, in a $9 billion deal.

10 hours ago

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