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TC Energy: the company intends to sell at least $5 billion in assets by the end of the year

03/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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TC Energy announced negotiations to sell at least $5 billion in assets by the end of the year. But she did not specify what she intends to sell.

François Poirier, Chairman and CEO of TC Energy, said he was pleased that there was so much interest in the assets for sale and the deleveraging plan, adding that the negotiations had reached a commercial stage sensitive. For him, the sale will take into account the volume of greenhouse gas emissions from each asset, because the company wants to reduce its carbon footprint. TC Energy announced its divestment program last fall, explaining that it intended to get rid of non-core assets and minority stakes to finance its expansion plan without taking on heavy debt

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