Shell Midstream Operating, a subsidiary of Shell (SHEL), has agreed to sell its 16.125% interest in Colonial Enterprises to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. (BIP) and its institutional partners, for $1.45 billion. “This divestment reflects our focus on performance, discipline and simplification,” said Andrew Smith, President of Shell Trading & Supply. “It will allow us to concentrate on areas where we have scale and competitive advantage.” The transaction is subject to regulatory approvals and is expected to close in Q4 2025. Together with Shell, the co-owners of Colonial Enterprises, have agreed to sell 100% of their Colonial shares to Brookfield. The sale values Shell’s share of Colonial at $1.45 billion, inclusive of approximately $500 million in non-recourse debt and excluding customary closing adjustments.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHEL:
- Shell PLC put volume heavy and directionally bearish
- Shell completes acquisition of Pavilion Energy
- SHEL, BP, MPC: Trump Threatens Tariffs on Buyers of Russian Oil
- Shell: Strategic Positioning and Financial Performance Drive Buy Rating
- Phillips 66 Director Blasts “Distracted” Investor Elliott Management
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue