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  5. PPL: I saw last week that PPL bought some operations from (I believe) Enbridge for app $3. [Pembina Pipeline Corporation]
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Q: I saw last week that PPL bought some operations from (I believe) Enbridge for app $3.1 Billion. Was there any indication how they were planning to finance the acquisition? I am wondering if they will be selling additional shares in the public markets
Asked by Ronald on December 19, 2023
5i Research Answer:

With the acquisition, PPL announced a $1.1B bought deal equity financing (subscription receipts). 

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