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BlackRock Exclusive: $1.14bn Acquisition of TC Energy Explained

In a significant move in the energy sector, BlackRock and Morgan Stanley have teamed up to acquire the Portland Natural Gas Transmission System from TC Energy Corp. for a total consideration of approximately $1.14 billion.

The BlackRock New York Headquarters. PHOTO: Shutterstock
The BlackRock New York Headquarters. PHOTO: Shutterstock

This strategic acquisition also encompasses taking on $250 million of debt. The transaction is

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