TRP - TC Energy Explores Asset Sales Worth $10B Debt Reduction on the Horizon | Benzinga
Pipeline and transportation company TC Energy Corp (NYSE: TRP) is reportedly exploring selling a minority stake in ANR Pipeline Co for an estimated enterprise value of around $3 billion.
Additionally, TC Energy is contemplating the sale of a portion of its Mexican operation, which generates roughly $600 million in annual EBITDA.
Furthermore, the company is mulling over the sale of a controlling stake in the Portland Natural Gas Transmission System and a significant minority stake in the Millennium Pipeline, both boasting enterprise values surpassing $1 billion.
Collectively, these assets are valued ...