BMO Hired to Sell Off Petronas Assets in Alberta

Toronto-headquartered BMO Capital Markets has been hired by Calgary-based Progress Energy to help sell production lands, gas plants, and an extensive pipeline network in Alberta. The assets sale is the latest retreat from Canada for Petronas, the Malaysian state-owned enterprise that bought Progress Energy in 2012. The assets include three gas plants, 400,000 acres in Alberta’s Deep Basin region, and other lands.

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