No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, October 27, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Brookfield to buy Colonial Pipeline for about $9 billion, including debt

by TheAdviserMagazine
7 months ago
in Business
Reading Time: 2 mins read
A A
Brookfield to buy Colonial Pipeline for about  billion, including debt
Share on FacebookShare on TwitterShare on LInkedIn


(Reuters) -Brookfield Infrastructure Partners is buying Colonial Pipeline, the largest U.S. fuel transportation system, in a deal valued at about $9 billion, including debt, the company said on Thursday.

The deal to acquire all assets of Colonial Enterprises, including Colonial Pipeline, is expected to close in the second half of 2025.

Colonial’s pipeline system stretches over 5,500 miles from Houston in Texas to New York’s harbor. It moves 100 million gallons of fuel daily, including gasoline, jet fuel, diesel and heating oil, according to its website.

The flagship listed infrastructure company of Brookfield Asset Management will have an equity investment of $500 million in Colonial Enterprises at the deal’s closing.

Shell said late on Thursday it was selling its interest in Colonial Enterprises to Colossus AcquireCo, a Brookfield subsidiary, for $1.45 billion.

Colonial’s owners – including Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), Shell, and investment firm KKR – had begun exploring a sale of Colonial Pipeline last year.

CDPQ bought its stake in Colonial for $850 million in 2012 from ConocoPhillips. IFM Investors and KKR acquired their respective 15.8% and 23.4% holdings in 2007 and 2010.

Shell consolidated its 16.13% into a single holding in 2019, while a subsidiary of Koch Industries has held its current 28.1% position since 2003.

Reuters reported earlier this week that Brookfield emerged as the winner of an auction process, which the five owners of the pipeline have been running over several months, to buy Colonial Pipeline for more than $9 billion including debt.

(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Janane Venkatraman and Mrigank Dhaniwala)



Source link

Tags: BillionBrookfieldBuyColonialdebtincludingpipeline
ShareTweetShare
Previous Post

OPEC+ unexpectedly speeds up oil output hikes, oil drops

Next Post

China’s response to U.S. tariffs will likely focus on stimulus, trade

Related Posts

edit post
Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

by TheAdviserMagazine
October 26, 2025
0

Shares of mid-tier IT services company Coforge rallied 6% to their day's high of Rs 1,867 on Monday, October 27,...

edit post
Milei’s party on track to win Argentina election in big comeback

Milei’s party on track to win Argentina election in big comeback

by TheAdviserMagazine
October 26, 2025
0

President Javier Milei’s party is on track to finish first in Argentina’s midterm vote in early counting, putting the libertarian...

edit post
What Saudi Arabia and Bangladesh can teach Silicon Valley

What Saudi Arabia and Bangladesh can teach Silicon Valley

by TheAdviserMagazine
October 26, 2025
0

The way Saudi entrepreneur Mohammed Aldossary sees it, innovators are animated by the same motivations whether they are in Silicon...

edit post
Here are the major earnings before the open Monday

Here are the major earnings before the open Monday

by TheAdviserMagazine
October 26, 2025
0

Oct. 26, 2025 6:00 PM ETCAJPY, PKX, RVTY, ARLP, CRI, BOH, DQ, DEA, KDPBy: Deepa Sarvaiya, SA News EditorMajor earnings...

edit post
Bed Bath & Beyond Q3 2025 Earnings Preview (BBBY:NYSE)

Bed Bath & Beyond Q3 2025 Earnings Preview (BBBY:NYSE)

by TheAdviserMagazine
October 26, 2025
0

Bed Bath & Beyond (NYSE:BBBY) is scheduled to announce Q3 earnings results on Monday, October 27th, after market close. The...

edit post
49-year-old favorite pizza chain files for Chapter 11 bankruptcy

49-year-old favorite pizza chain files for Chapter 11 bankruptcy

by TheAdviserMagazine
October 26, 2025
0

The pizza restaurant industry is one of the most competitive dining sectors in the U.S., with two pizza giants ranking...

Next Post
edit post
China’s response to U.S. tariffs will likely focus on stimulus, trade

China’s response to U.S. tariffs will likely focus on stimulus, trade

edit post
Can We Teach Talent? How Mindsets Can Foster Entrepreneurial Success – Faculty Focus

Can We Teach Talent? How Mindsets Can Foster Entrepreneurial Success - Faculty Focus

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Dan Hotels buys New York’s Nomo Soho hotel

Dan Hotels buys New York’s Nomo Soho hotel

0
edit post
Southwest Airlines (LUV) Earnings: 3Q25 Key Numbers

Southwest Airlines (LUV) Earnings: 3Q25 Key Numbers

0
edit post
Dell Technologies (DELL) Could Benefit From 2026 Data Center Refresh, Says Piper Sandler

Dell Technologies (DELL) Could Benefit From 2026 Data Center Refresh, Says Piper Sandler

0
edit post
High Dividend 50: Blue Owl Capital Corporation

High Dividend 50: Blue Owl Capital Corporation

0
edit post
The Core Of The Peace Proposal

The Core Of The Peace Proposal

0
edit post
Is It OpenSea or Blur?

Is It OpenSea or Blur?

0
edit post
The Core Of The Peace Proposal

The Core Of The Peace Proposal

October 27, 2025
edit post
Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

October 26, 2025
edit post
Milei’s party on track to win Argentina election in big comeback

Milei’s party on track to win Argentina election in big comeback

October 26, 2025
edit post
HSBC to recognize .1 billion in provision after court ruling in Madoff case

HSBC to recognize $1.1 billion in provision after court ruling in Madoff case

October 26, 2025
edit post
Accel and Prosus team up to back early-stage Indian startups

Accel and Prosus team up to back early-stage Indian startups

October 26, 2025
edit post
What Saudi Arabia and Bangladesh can teach Silicon Valley

What Saudi Arabia and Bangladesh can teach Silicon Valley

October 26, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • The Core Of The Peace Proposal
  • Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?
  • Milei’s party on track to win Argentina election in big comeback
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.