Pembina Pipeline (TSE:PPL) has released an update.
Pembina Pipeline Corporation, through its joint venture Pembina Gas Infrastructure, has agreed to purchase a 50% stake in Whitecap Resources’ Kaybob Complex for CAD 420 million, and will support Whitecap’s Lator area development. This strategic partnership includes long-term take-or-pay agreements, boosting Pembina’s infrastructure utilization and enhancing its integrated service offerings across its value chain. The deal is expected to close in Q3 2024, subject to regulatory approvals.
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