US EditionShell to sell interest in Colonial Enterprises Inc. to Brookfield subsidiary
- Shell Midstream Operating LLC will sell its 16.125% stake in Colonial Enterprises, Inc.
- Brookfield Infrastructure Partners' subsidiary, Colossus AcquireCo LLC, agreed to purchase Shell's interest.
- The sale includes approximately $500 million in debt and is subject to regulatory approvals.
- Shell Trading & Supply President Andrew Smith said the sale allows focus on key advantage areas.
- The $1.45 billion transaction is expected to close in Q4 2025, pending regulatory approvals.
41 Articles
41 Articles
Brookfield to Buy Colonial Pipeline
Brookfield Infrastructure Partners has struck a deal to acquire Colonial Pipeline for about $9 billion including debt. The buyer expects the deal to be finalized in the second half of the year. Brookfield’s equity investment in the company will be $500 million, representing 15% of the total equity investment in the deal, the finance company also said. Part of the deal involves Shell’s stake in Colonial Pipeline, which amounts to a little over 16…
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Shell to sell interest in Colonial Enterprises Inc. to Brookfield subsidiary
HOUSTON, April 3, 2025 /PRNewswire/ -- Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc ("Shell"), has agreed to sell its 16.125% interest in Colonial Enterprises, Inc. ("Colonial") to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure…
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