Kinder Morgan to hold on to Canadian subsidiary

The Canadian subsidiary of Houston-based Kinder Morgan Inc. (NYSE: KMI) is entering a holding pattern — it’s remaining a standalone public company rather than selling its 70 percent interest in the company or buying back the 30 percent it doesn’t already own.

The move — or lack thereof — concludes a months-long strategic review of Kinder Morgan Canada Ltd. (TSE: KML) that started after it sold the Trans Mountain Pipeline. The review included two bidding rounds and discussions with potential…

Houston Biz Journal
Kinder Morgan to hold on to Canadian subsidiary