ONEOK Consolidating Again: Buying GIP’s Stakes in EnLink, Medallion
August 29, 2024 at 13:17 PM EDT
ONEOK (OKE) is acquiring Global Infrastructure Partners’ (GIP) interest in EnLink Midstream (ENLC), as well as private Medallion Midstream, in a pair of transactions valued at $5.9 billion in aggregate. Both transactions are expected to close in early 4Q24. Following the initial transaction, ONEOK plans to acquire the remaining public interest in ENLC in a [...] The post ONEOK Consolidating Again: Buying GIP’s Stakes in EnLink, Medallion appeared first on ETF Trends .
