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Enbridge to double 2018 asset sales, targets about C$8 bln -sources


Enbridge to double 2018 asset sales, targets about C$8 bln -sourcesNEW YORK/TORONTO, Feb 15 (Reuters) - Enbridge Inc , Canada's biggest pipeline operator, plans to accelerate its divestment program by selling assets valued at about C$8 billion ($6.4 billion) in 2018, more than twice its initial sale target, according to people familiar with the situation. Under pressure from both investors and rating agencies, the Calgary, Alberta-based firm wants to ramp up the sale of non-core assets from the previous C$3 billion it forecast in November, the people said on condition of anonymity because the process is private. Enbridge is trying to take advantage of favorable selling conditions to rid itself of unwanted units and pay down its C$61.4 billion long-term debt, the people said.





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