PF Archive

ConocoPhillips sells Colonial and Seaway pipeline stakes

22 11 2011

ConocoPhillips is selling a 16.55% stake in the Colonial pipeline to Caisse de dépôt et placement du Québec for $850 million and 50% of the Seaway pipeline to Enbridge for $1.15 billion. The Seaway sale will allow new Enbridge and existing...