TransAlta Corporation

11:57 AM EST - TransAlta Corporation : With its partner Tidewater Midstream & Infrastructure Ltd. has entered into a Purchase and Sale Agreement with ATCO Gas and Pipelines Ltd. to sell the Pioneer Pipeline for a purchase price of $255 million. This agreement replaces the Company's previous agreement to sell its interest in the Pioneer Pipeline to NOVA Gas Transmission Ltd. ATCO acquired the right to purchase the Pioneer Pipeline through an option agreement with NGTL. TransAlta Corporation

shares T.TA are trading up $0.13 at $8.32.

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