Brookfield Infrastructure and Kinder Morgan to Sell Pipeline Stake for $830 million
Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC) and Kinder Morgan (NYSE: KMI) have agreed to sell a 25% interest in Natural Gas Pipeline Company of America (NGPL) to funds controlled by ArcLight Capital Partners. NGPL is one of the largest interstate pipeline systems in the U.S. The 9,100-mile pipeline transports gas to the Chicago area and to large liquefied natural gas (LNG) facilities along the U.S. Gulf Coast.
