TC Energy unveils $5B asset sale plan

📆 11/9/2022 6:06 PM
📰 YahooFinanceCA

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'There is a need to balance our sources and uses of capital without the reliance on further external equity,' CEO François Poirier said on a conference call From jefflagerquist

) plans to generate more than $5 billion by selling "non-core" assets through 2023, the company said on Wednesday, as it reported third-quarter financial results.

"There is a need to balance our sources and uses of capital without the reliance on further external equity," Poirier said on the call. "We believe the market will positively receive the company's asset sale strategy," he wrote in a note to clients on Wednesday.

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