Inter Pipeline cuts dividend, suspends sale of European storage business
(Reuters) - Canada's Inter Pipeline Ltd <IPL.TO> on Monday cut its monthly dividend by 72% and said it was suspending the sale process of its European bulk liquid storage business due to a steep drop in global energy prices.
Inter Pipeline said potential buyers of the business had been significantly affected due to the coronavirus pandemic. [nCNW6zK1Ga]
(Reporting by Arundhati Sarkar in Bengaluru; Editing by Anil D'Silva)