February 15, 2018 / 7:57 PM / a year ago

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

NEW 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 two times 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. (Reporting by David French in New York and John Tilak in Toronto; Editing by Jeffrey Benkoe)

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