Enbridge to Launch C$1.5 Billion Share Buyback

By Adriano Marchese

Enbridge Inc. said Friday that it intends to purchase up 1.5 billion Canadian dollars worth of shares for cancellation.

The Canadian natural gas distribution provider said that it will purchase up to 31.1 million of its shares by way of a normal course issuer bid, or NCIB.

The company said that it will purchase the shares over the course of one year, starting on Jan. 5 of 2022.

The shares represent around 1.53% of its common shares issued and outstanding.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

12-31-21 0725ET