U.S. private equity fund Advent International will purchase a minority stake in Colombia's Ocensa oil pipeline for $1.1 billion from Canadian oil firm Talisman Energy Inc, France's Total SA and Madrid-based Cepsa, the Wall Street Journal reported citing people familiar with the matter. Under the agreement, Advent will get a 22 percent stake in one of the largest oil pipelines in Colombia by capacity, the Journal reported.Apart from Advent, TransCanada Corp and Enbridge Inc were also interested in buying the minority stake in Ocensa, the newspaper reported.The deal, which was managed by JPMorgan Chase and Credit Suisse, is expected to be announced next week as Ocensa board is likely to approve it, WSJ reported. ()Talisman has a 12 percent stake in Ocensa, while the participation of Cepsa and Total is each 5 percent, the newspaper said.
Enbridge Inc. (Enbridge) transports and distributes energy across North America. Shares of ENB fell by 0.46% or $-0.1992/share to $43.12. In the past year, the shares have traded as low as $37.67 and as high as $48.41. On average, 838468 shares of ENB exchange hands on a given day and today's volume is recorded at 493274.
Enbridge Inc. (Enbridge) transports and distributes energy across North America. Shares of ENB fell by 0.8% or $-0.365/share to $45.10. In the past year, the shares have traded as low as $37.74 and as high as $49.17. On average, 1139430 shares of ENB.TO exchange hands on a given day and today's volume is recorded at 1287439.
Talisman Energy Inc. (Talisman) is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 0.5% or $0.06/share to $12.04. In the past year, the shares have traded as low as $10.34 and as high as $13.38. On average, 6251500 shares of TLM exchange hands on a given day and today's volume is recorded at 4996879.
Talisman Energy Inc. (Talisman) is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 0.16% or $0.02/share to $12.59. In the past year, the shares have traded as low as $10.68 and as high as $13.83. On average, 2633740 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 1997520.
Total SA is a France-based integrated international oil and gas company. Shares of TOT traded higher by 0.94% or $0.55/share to $59.28. In the past year, the shares have traded as low as $45.93 and as high as $62.45. On average, 1392730 shares of TOT exchange hands on a given day and today's volume is recorded at 369539.
TransCanada Corporation (TransCanada) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy. Shares of TRP traded higher by 0.49% or $0.22/share to $44.93. In the past year, the shares have traded as low as $42.39 and as high as $49.65. On average, 385178 shares of TRP exchange hands on a given day and today's volume is recorded at 309866.
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