Pembina and KKR Partner to Acquire 50% Stake in Whitecap's Kaybob Gas Complex for $420M
Portfolio Pulse from Benzinga Newsdesk
Pembina Pipeline Corporation (NYSE: PBA) and KKR have partnered to acquire a 50% stake in Whitecap's Kaybob Gas Complex for $420 million. The transaction includes long-term take-or-pay agreements and future infrastructure development support for Whitecap's Lator growth area.
July 02, 2024 | 11:05 am
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Pembina Pipeline Corporation (NYSE: PBA) has partnered with KKR to acquire a 50% stake in Whitecap's Kaybob Gas Complex for $420 million. The deal includes long-term take-or-pay agreements and future infrastructure development support for Whitecap's Lator growth area.
The acquisition and long-term agreements are likely to enhance Pembina's asset utilization and volume capture, supporting its growth strategy and integrated value chain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100