The Canadian Press 10/09/2024 14:12 A deal that was billed as Canada’s largest-ever Indigenous equity ownership agreement has hit a snag. TC Energy Corp. said Tuesday the $1-billion agreement, announced in July, that would see it sell a minority stake in its Western Canadian natural gas transmission network to a consortium of Indigenous communities has been delayed. The deal is meant to enable 72 communities to take a 5.34 per cent stake in the Nova Gas transmission system and Foothills pipeline assets, which comprise a combined 25,000-kilometre network of natural gas infrastructure. But TC Energy said the deal has been delayed “due to an identified transaction structuring issue within the NGTL partnership.” Bloomberg News reported Monday that a $1-billion bond deal to finance the deal did not close as planned….
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