December 20, 2016 / 10:58 PM / a year ago

BRIEF-Enlink Midstream agrees to monetize $275 million of non-core assets

Dec 20 (Reuters) - Enlink Midstream Llc :

* Enlink Midstream agrees to monetize $275 million of non-core assets, expands presence in stack, and emphasizes long-term commitment to core growth areas

* Enlink Midstream - entered definitive agreement to divest approximately 31 percent common ownership interest in Howard Midstream Energy Partners Llc

* Enlink Midstream Llc - net proceeds will fund majority of expected equity needs for Enlink’s 2017 capital expenditures program

* Enlink Midstream -proceeding with development of Chisholm III; expected to be operational by year-end 2017

* Enlink Midstream -Alberta Investment Management Corp and management will acquire a common ownership stake in HEP as a result of Enlink’s divestiture

* Enlink Midstream -closed a transaction to sell approximately 140 miles of natural gas transportation pipeline in North Texas

* Enlink Midstream - in separate transaction, co signed, closed agreement to sell North Texas pipeline assets in Barnett Shale to Atmos Energy Corp Source text for Eikon: Further company coverage:

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