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Business news - 04 April 2025

 
 

Shell to sell interest in Colonial Enterprises Inc. to Brookfield subsidiary

Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc, has agreed to sell its 16.125% interest in Colonial Enterprises, Inc. to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners, for US$1.45 billion.