Brief: Dt Midstream Increases Ownership In Millennium Pipeline

DT Midstream

29/09/2022 14:30

Sept 29 (Reuters) - DT Midstream Inc  DTM.N :
    * REASES OWNERSHIP IN MILLENNIUM PIPELINE
    * IMMEDIATELY ACCRETIVE TRANSACTION
    * CO TO ACQUIRE AN ADDITIONAL 26.25% OWNERSHIP INTEREST IN
MILLENNIUM PIPELINE FOR ABOUT $552 MILLION IN CASH
    * COMPANY EXPECTS AN INCREMENTAL ADJUSTED EBITDA
CONTRIBUTION OF
$12 TO $14 MILLION IN 2022 FROM THE TRANSACTION
    * UPON CLOSING, DEAL WILL BRING DT MIDSTREAM'S TOTAL
OWNERSHIP IN
MILLENNIUM PIPELINE TO 52.50%

Source text for Eikon:  ID:nGNX9z9C1j 
Further company coverage:  DTM.N 
 ((Reuters.Briefs@thomsonreuters.com;))