Shell Sells Stake in Colonial Enterprises to Brookfield
Big energy reshuffles as Shell exits pipeline investment in billion-dollar deal.
HOUSTON, Aug. 1, 2025 /PRNewswire/ -- Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc ("Shell"), has completed the previously announced sale of its 16.125% interest in Colonial Enterprises, Inc. ("Colonial") to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners (collectively, "Brookfield").
The divestment reflects Shell's focus on performance, discipline and simplification and enables the company to concentrate on areas where it has scale and competitive advantage.
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