Shell to sell interest in Colonial Enterprises to Brookfield subsidiary
General

Shell to sell interest in Colonial Enterprises to Brookfield subsidiary

The transaction is subject to regulatory approvals and is expected to close in Q4 2025

  • By ICN Bureau | April 07, 2025

Shell Midstream Operating (SMUS), a subsidiary of Shell, has agreed to sell its 16.125% interest in Colonial Enterprises (Colonial) to Colossus AcquireCo, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. 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.

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