TransCanada sells Cancarb to Tokai for $190M TransCanada announced it has reached an agreement to sell Cancarb and its related power generation facility to Tokai Carbon Co., Ltd. for aggregate gross proceeds of $190M, plus customary adjustments. The transaction is expected to close late in Q1, subject to various approvals. TransCanada says the sales allows it to capitalize on current market conditions and better align its asset base with the company's strategic direction, which is focused on large-scale pipeline and power generation projects in Canada, the United States and Mexico. J.P. Morgan Securities acted as the exclusive financial advisor on the transaction.
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