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ArcLight Buys Stake in Kinder Morgan, Brookfield JV for $830 Million

2021-02-23 21:00:00| OGI

The value of the sale to ArcLight implies an enterprise value of about $5.2 billion for NGPL, jointly owned by Kinder Morgan and Brookfield Infrastructure Partners, which represents 11.2 times its 2020 EBITDA.

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