Market Overview

TransCanada to Sell Cancarb to Tokai Carbon for $190M

TransCanada Corporation (NYSE: TRP) (TransCanada) announced today it has reached an agreement to sell Cancarb Limited and its related power generation facility to Tokai Carbon Co., Ltd. for aggregate gross proceeds of $190 million, plus customary adjustments. The transaction is expected to close late in the first quarter of 2014, subject to various approvals.

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Posted-In: News Guidance Offerings Asset Sales IPOs Global

 

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