One-Page Deal Sheet
TransCanada Sells Off Cancarb Limited
Tokai Carbon Co. Ltd. TC Energy Corp.
Announced Date
January 20,2014
Close Date
April 16,2014
Transaction Type
Asset
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Closing Announcement - April 16, 2014
TransCanada Corporation has closed the sale of Cancarb Limited and its related power generation facility to Tokai Carbon Co., Ltd. for aggregate gross proceeds of $190 million plus customary post-closing adjustments.
The agreement to sell Cancarb was initially announced on January 20, 2014. TransCanada expects to realize a gain of approximately $95 million net of tax in its second quarter 2014 results.
Proceeds from the sale of Cancarb will help fund TransCanada's capital growth plan, which includes $38 billion in commercially secured projects expected…
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