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Enbridge has agreed to acquire Tallgrass Energy's crude oil transportation, gathering, storage and terminaling assets for US$2.55 billion, including a 75% interest in the Pony Express Pipeline and a 51% interest in the Powder River Gateway system.
Blackstone Infrastructure Partners closed the purchase of 100% of the membership interests in Tallgrass Energy's general partner and an approximately 44% economic interest for $3.2 billion. GIC and Enagás are minority investors in the transaction.