March 30, 2020 / 1:39 PM / 2 months ago

Inter Pipeline cuts dividend, suspends sale of European storage business

March 30 (Reuters) - Canada’s Inter Pipeline Ltd 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.

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

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