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Keyera Completes Acquisition of Core Fort Saskatchewan Facilities
Keyera Completes Acquisition of Core Fort Saskatchewan Facilities Canada NewsWire ...
About this update from Keyera Corp.
[{"type":"text","content":"\n \n \n \n Keyera Completes Acquisition of Core Fort Saskatchewan Facilities\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Feb. 13, 2023\n \n \n /CNW/ - Keyera Corp. (TSX: KEY) (\"Keyera\" or the \"Corporation\") today confirms the closing of the previously announced acquisition of a 21% working interest in the Keyera Fort Saskatchewan (\"KFS\") complex from Plains Midstream Canada, bringing its total ownership in KFS to 98%. Total cash consideration including adjustments was\n \n $366.5 million\n \n .\n \n \n The transaction offers many benefits to Keyera including:\n \n \n \n Meaningful synergies with Keyera's integrated platform\n \n \n Accretive to Distributable Cash Flow per share\n \n 1\n \n \n \n Increased fractionation capacity in a high-demand market, while eliminating new-build project execution risk in an inflationary environment\n \n \n Additional capital efficient growth options including the potential for future fractionation debottlenecks\n \n \n \n The acquisition includes capacity additions of about 14,000 barrels per day of fractionation, 6,000 barrels per day of de-ethanization, 3.7 million barrels of storage and 79,200 barrels per day of capacity in four pipelines that transport NGLs between\n \n Edmonton\n \n and\n \n Fort Saskatchewan\n \n .\n \n \n About Keyera Corp.\n \n \n Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transporta...