CFIUS clears Columbia acquisition
Published by Stephanie Roker,
Editor
World Pipelines,
Columbia Pipeline Group, Inc. (CPG) has announced that on 13 May 2016, the Committee on Foreign Investment in the United States (CFIUS) notified CPG and TransCanada Corporation (TransCanada) that its investigation of the proposed acquisition of CPG by TransCanada was complete and that there were no unresolved national security concerns with respect to the proposed transaction.
Receipt of this notification from CFIUS satisfies one of the conditions to the closing of the proposed transaction. CPG and TransCanada continue to anticipate completing the proposed transaction in the second half of 2016, subject to other customary closing conditions including US antitrust clearance and receipt of the approval of CPG stockholders.
Edited from source by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/regulations-and-standards/17052016/cfius-clears-columbia-acquisition/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Unlocking the energy value chain
Carlos Garcia Alvarado, CTO and Vicki Knott, CEO, CruxOCM, discuss how to optimise midstream operations to enhance efficiency and unlock value across the supply chain.
