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TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES AN AGREEMENT TO SELL ITS PIPESTONE AND DIMSDALE ASSETS FOR $650 MILLION

Newswire.ca - Thu Aug 31, 2023

(TSX: TWM)

CALGARY, AB, Aug. 31, 2023 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce it has entered into an agreement with AltaGas Ltd. ("AltaGas") to sell its Pipestone natural gas plant ("Pipestone Phase I"), Pipestone expansion project ("Pipestone Phase II", collectively "Pipestone"), Dimsdale natural gas storage facility ("Dimsdale") and associated gathering and other infrastructure for $650 million (the "Transaction"), subject to customary post-closing adjustments.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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