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Kinder Morgan hires TD Securities to sell Canadian business

September 14, 2018   Don Horne




Kinder Morgan Inc has hired investment bank TD Securities to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as $2.4 billion, people familiar with the situation told Reuters this week.

The move comes about two weeks after Kinder Morgan closed its sale of the Trans Mountain pipeline to Ottawa for about $4.5 billion.

At a conference earlier this month, Kinder Morgan Chief Executive Steven Kean indicated his willingness to sell the rest of the Canadian business.

Spokeswomen for TD and Kinder Morgan declined to comment.

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(Reuters)


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