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- by manilatimes.net
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Shell to sell interest in Colonial Enterprises Inc. to Brookfield subsidiary
HOUSTON, April 4, 2025 /PRNewswire/ -- Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc ('Shell'), has agreed to sell its 16.125% interest in Colonial Enterprises, Inc. ('Colonial') to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners (collectively, 'Brookfield'), for $1.45 billion.