Colonial Pipeline Owners Eye Stake Sales Amid $10B Valuation

Some Owners of Colonial Pipeline Looking to Sell Stakes, Potential Valuation Over $10 Billion

Colonial Pipeline, the largest fuel transportation system in the U.S., might see some of its owners selling their shares. Owners hope to get prices that value Colonial at more than $10 billion. This comes as the U.S. sees a rise in energy use, creating greater demand for pipeline capacity. Any potential sale will also assess the company's value, three years after a major cyberattack disrupted operations.