TC Energy Spinoff South Bow
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•TC Energy launches South Bow Corp. as independent crude oil pipeline business
65% Informative
TC Energy completed its spinoff of South Bow Corp. , its crude oil pipelines business, as an independent company.
Decision by TC Energy is part of a plan to focus on natural gas infrastructure as well as nuclear, pumped hydro energy storage and new low-carbon energy opportunities.
South Bow’s common shares are expected to start trading on the Toronto Stock Exchange on Wednesday under the ticker symbol SOBO .
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