Devon Agrees to Sell Pipeline Stake to Wolf for $1.1 Billion

  • Company completes asset sales raising total of $3.2 billion
  • Third purchase in just over a month for CPPIB-backed firms

Devon Energy Corp. agreed to sell its 50 percent stake in Canada’s Access Pipeline to Canada Pension Plan Investment Board-backed Wolf Midstream Inc. for C$1.4 billion ($1.1 billion).

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