Enbridge closes C$3 billion equity offering

Enbridge Inc., a Canadian energy company, has successfully completed a public offering of common shares, raising approximately C$3.0 billion through the issuance of 44.735 million shares. The underwriters for this offering, led by RBC Capital Markets and CIBC Capital Markets, raised a total of C$3.0 billion in gross proceeds. Enbridge plans to utilize the net proceeds to fund announced acquisitions and enhance its financial flexibility for future growth opportunities.

The company's primary operations include natural gas, oil, and renewable power networks in North America, as well as an offshore wind portfolio in Europe.

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