Canada is expected to be the 19659002 children Morgan Canada Ltd. Buy Trans Mountain Oil Pipeline and its controversial expansion project to ensure it will be built, one person familiar with the talks.
The direct purchase of the pipeline has become more and more likely and is now the most likely option, the person said on condition of anonymity because the discussions are private. The deal, whose value has not yet been publicly announced, will be announced on Tuesday when Prime Minister Justin Trudeau's Cabinet will meet.
Canada initially offered to reimburse the expansion project, but will now probably buy it in full. The Canadian government plans to sell the project ̵
A spokesman for Canadian Finance Minister Bill Morneau said he will not comment on "speculation." In a late-Monday e-mail statement, the company said it would not do so to post updates, "unless and until those discussions are finalized or we have reached an agreement that meets our two objectives: Clarity the way forward, particularly in terms of the ability to build through British Columbia and ensure adequate protection of our KML shareholders. "
Children's Morgan Canada's market capitalization is C $ 5.76 billion ($ 4.43 billion) ,
The two sides held talks as the company set a deadline of May 31 to serve the government in the face of resistance from the province of British Columbia. Trudeau promises regularly, including on Monday, that the pipeline will be built.