Kinder Morgan files for IPO on pipeline unit

Kinder Morgan is seeking to raise about C$1.75 billion ($1.28 billion) in an initial public offering of assets including the Trans Mountain pipeline system in Canada, scrapping plans for a sale to potential partners such as ArcLight Capital Partners. The pipeline operator plans to offer the shares in Kinder Morgan Canada at between C$19 and C$22 apiece and list in Toronto, according to a regulatory filing Wednesday. Houston-based Kinder Morgan was running a dual track process, exploring both a m...

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