TC Energy to acquire Pioneer Pipeline
CALGARY, Alberta — TC Energy Corp.’s wholly owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has executed an exclusive letter of intent with Tidewater Midstream and Infrastructure Inc. and TransAlta Corp. to purchase the Pioneer Pipeline for $255 million. The Pioneer Pipeline consists of 131 kilometers of operating pipeline that, upon closing of the transaction, will […]
Wood closes deal to sell nuclear business
ABERDEEN, Scotland — John Wood Group plc has closed the sale of its nuclear business to Jacobs for a cash consideration of £250 million (around $325 million). The deal represents a multiple of approximately 12.4 based on 2018 EBITDA of £20.2 million ($26.3 million). Agreement on the deal was reached in August 2019, with closing […]
