Brookfield to Buy Colonial Pipeline Owner in $9 Billion Deal
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A group of investors led by Brookfield Infrastructure Partners LP agreed to acquire Colonial Enterprises Inc. in a deal that values the operator of the biggest US fuel pipeline at about $9 billion.
Colonial’s five owners are selling their entire stakes to Brookfield, including a Shell plc unit that will transfer its roughly 16% interest for $1.45 billion, according to a statement Friday.