On September 1, after market close, ENF announced the acquisition of Enbridge Inc.'s Canadian Liquids Pipelines Business and certain renewable energy assets in exchange for $30.4 billion plus additional incentive rights. The company also announced the immediate increase in its dividend by 10%, and subsequent annual 10% increases from 2016 through to 2019 at the beginning of each year.
01 Sep 2015
ANNOUNCES COMPLETION OF ACQUISITION FROM ENBRIDGE INC.'S CANADIAN LIQUIDS PIPELINES BUSINESS AND RENEWABLE ENERGY ASSETS; INCREASE IN DIVIDEND
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ANNOUNCES COMPLETION OF ACQUISITION FROM ENBRIDGE INC.'S CANADIAN LIQUIDS PIPELINES BUSINESS AND RENEWABLE ENERGY ASSETS; INCREASE IN DIVIDEND
Enbridgeome Fund (ENF:TSE) | 0 0 0.7% | Mkt Cap: 4,697m
- Published:
01 Sep 2015 -
Author:
Steven I. Paget -
Pages:
2
On September 1, after market close, ENF announced the acquisition of Enbridge Inc.'s Canadian Liquids Pipelines Business and certain renewable energy assets in exchange for $30.4 billion plus additional incentive rights. The company also announced the immediate increase in its dividend by 10%, and subsequent annual 10% increases from 2016 through to 2019 at the beginning of each year.