Enbridge closes on Dakota Access stake

Enbridge has closed on its $1.5 billion purchase of a stake in the contentious Dakota Access pipeline.

Enbridge Energy Partners said in a release Wednesday it acquired the 27.6 percent interest in the project "as final conditions have now been met."

The company first announced the purchase in August but pushed back closing on it in December after the U.S. Army Corps of Engineers denied the final approval necessary to complete the pipeline's construction.

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