Tidewater signs deal to sell Pipestone and Dimsdale assets to AltaGas for $650M

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Tidewater signs deal to sell Pipestone and Dimsdale assets to AltaGas for $650M
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CALGARY — Tidewater Midstream and Infrastructure Ltd. has signed a deal to sell its Pipestone natural gas plant and expansion project as well as its Dimsdale natural gas storage facility to AltaGas Ltd. for $650 million in cash and shares. The company says it expects to use the net proceeds from the sale for general corporate purposes, including the repayment of debt. Tidewater interim CEO Rob Colcleugh says the deal unlocks significant value for shareholders while strengthening the company's ba

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