TC Energy to Divest Guadalajara-Manzanillo Pipeline for $400M
TC Energy (TRP) is divesting its Guadalajara-Manzanillo pipeline in Mexico for $400 million. The sale creates capital flexibility while the company retains a substantial network in the country.
Why it matters — A TRP watcher would care because the divestiture frees up capital while TC Energy keeps a significant presence in Mexico.