Reported 8 months ago
Some owners of the Colonial Pipeline are contemplating selling their stakes in the company at a valuation exceeding $10 billion, as reported by sources. Canadian pension fund CDPQ is already working on selling its 16.6% stake, while other major stakeholders like Shell, IFM Investors, and KKR are also considering divestment. Potential buyers include infrastructure funds, public pension funds, and sovereign wealth funds. Colonial Pipeline, which spans 5,500 miles and transports 100 million gallons of fuel daily, faced a major cyberattack in 2021, prompting discussions about the company's value and possible ownership changes.
Source: YAHOO