TC Energy To Sell Energía Occidente De México For C$560 Mln

(RTTNews) - TC Energy Corporation (TRP), an energy infrastructure company, said that it has inked a deal to sell Energía Occidente de México, the entity that owns the Guadalajara-Manzanillo Pipeline, to affiliates of ESENTIA Energy Development, S.A.B. de C.V. for C$560 million. The transaction is expected to close in the first half of 2027. François Poirier, CEO of TC Energy, said: "This transaction reflects our continued focus on portfolio optimization and long-term value creation. The transaction will support our disciplined capital allocation strategy, creating optionality to redeploy proceeds from a mature asset towards high-value growth opportunities across our North American footprint.