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Inter Pipeline cuts dividend, suspends sale of European storage business

(Reuters) - Canada's Inter Pipeline Ltd IPL.TO on Monday cut its monthly dividend by 72% and said it was suspending the sale process of its European bulk liquid storage business due to a steep drop in global energy prices.

Inter Pipeline said potential buyers of the business had been significantly affected due to the coronavirus pandemic. [nCNW6zK1Ga]

Reporting by Arundhati Sarkar in Bengaluru; Editing by Anil D’Silva

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