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Terminal News

Kinder Morgan sells Pembina Pipeline shares

Kinder Morgan sells Pembina Pipeline shares
Kinder Morgan has sold all 25 million of its shares in Pembina Pipeline for$764 million.

The company says that the sale is consistent with its intention to convert the shares into cash in an opportunistic and non-disruptive manner.

Kinder Morgan will use the proceeds to pay down debt – creating balance sheet flexibility in 2020.



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