EnCana closes liquids sale for US586 million

摘要

EnCana has closed its previously announced sale of substantially all of its natural gas liquids business in Canada to Provident Energy Trust, for about US586 million (C697 million), subject to post-closing adjustments. Encana expects after-tax cash proceeds of approximately US565 million, and said that it will record an after-tax gain of approximately US400 million on the sale.