Enbridge Forms JV With KKR In Collaboration With Apollo Funds To Extend C$2.7B Of Financing For The Previously Sanctioned Aspen Point And Sunrise Expansion Programs Of The Westcoast Natural Gas Pipeline System
Under the agreement, KKR and Apollo will invest approximately C$2.7 billion to fund the Expansions, including C$0.7 billion of cash to Enbridge at closing, in exchange for an indirect, cumulative 29% interest in the
Enbridge got two big investment companies, KKR and Apollo, to help pay C$2.7 billion to expand natural gas pipelines in western Canada. This shows confidence in the project, though it means Enbridge is sharing ownership rather than paying alone.
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