Enbridge in Advanced Talks to Buy Pony Express Pipeline for $2 Billion, Bloomberg Says

Enbridge Inc. is in advanced negotiations to acquire the Pony Express Pipeline from Tallgrass Energy, a unit of Blackstone Inc., for roughly $2 billion, according to Bloomberg News, citing individuals familiar with the matter.

The Canadian energy infrastructure company could announce the transaction for the major U.S. crude oil pipeline within a few days, the sources said. They asked to remain anonymous because the information is not public.

The individuals cautioned that no definitive decision has been reached, and the discussions could collapse or the timeline could shift.

Representatives for Enbridge, Blackstone, and Tallgrass did not immediately respond to requests for comment.

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