Business
Keyera to Acquire Plains' Canadian NGL Business in a Transformative $5.15 Billion Transaction
Keyera to Acquire Plains' Canadian NGL Business in a Transformative $5.15 Billion Transaction ...
About this update from Keyera Corp.
[{"type":"text","content":"\n\n\n\n Keyera to Acquire Plains' Canadian NGL Business in a Transformative $5.15 Billion Transaction\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.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: RIGHT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Transaction expands Keyera's integrated NGL value chain, enhances value for customers, accelerates growth and delivers immediate value for shareholders\n \n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n\n\n\n Transaction Highlights\n \n\n\n\n\n Transformational acquisition\n \n – Keyera will acquire substantially all of Plains' Canadian NGL business, plus select U.S. assets, for total cash consideration of\n \n $5.15 billion\n \n , subject to adjustments (the \"Acquisition\"), significantly expanding Keyera's liquids infrastructure platform across western and eastern\n \n Canada\n \n .\n \n\n\n Supports\n \n Canada's\n \n strategic infrastructure\n \n – Keyera, a Canadian-based company, is acquiring these assets from a U.S. based seller, bringing key Canadian NGL infrastructure under experienced Canadian ownership. The transaction enhances domestic energy infrastructure and energy security, supports economic resilience, and establishes a strong, cross-Canada NGL corridor.\n \n\n\n Enhances value for customers\n \n – The combined platform will provide customers with more reliable and efficient services, and diversified market access.\n \n\n\n Highly strategic asset base\n \n – The acquired portfolio includes large scale NGL extraction, fractionation, storage, pipelin...