Enbridge To Acquire Aitken Creek Natural Gas Storage From Fortisbc Holdings Inc. For $400 Million
Acquiring Company
Enbridge
Acquired Company
Camden National Corporation
Calgary
MaineEnergyOil And GasRenewable EnergyFinancial ServicesFinanceLendingBankingDescription
Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement with FortisBC Holdings Inc. to acquire its interest in FortisBC Midstream Inc., which holds a 93.8% interest in Aitken Creek Gas Storage facility and a 100% interest in Aitken Creek North Gas Storage facility (collectively, Aitken Creek Storage) for $400 million, subject to customary closing adjustments.
Quick answer
Enbridge is acquiring Camden National Corporation for $400 million, announced May 1, 2023. Enbridge is based in Calgary, Alberta, Canada.
- How much did Enbridge pay for Camden National Corporation?
- The reported deal value is $400 million.
- What does Enbridge do?
- Enbridge Inc., a Canadian Company, is a North American leader in delivering energy.
- Where are Enbridge and Camden National Corporation based?
- Enbridge is based in Calgary, Alberta, Canada. Camden National Corporation is based in Maine, United States.
- Who are the decision-makers at Enbridge?
- Fundz holds 1 contact at Enbridge. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Camden National Corporation?
Camden National Corporation was acquired by Enbridge, based in Calgary. The deal was reported on May 1, 2023. Enbridge Inc., a Canadian Company, is a North American leader in delivering energy. Enbridge is publicly traded (ENB) and operates in Energy.
When did Enbridge acquire Camden National Corporation?
Enbridge's acquisition of Camden National Corporation was reported on May 1, 2023. Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement with FortisBC Holdings Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Camden National Corporation do?
Camden National Corporation (NASDAQ®: CAC) is the largest publicly traded bank holding company in Northern New England with $5.7 billion in assets and was proudly listed as one of the Best Places to Work in Maine for the past three years. It is publicly traded (CAC), operating in Financial Services, and is based in Maine.
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