Keyera to buy Plains' Canadian natural gas liquids business for $3.77 billion
June 17 (Reuters) - Keyera Corp (KEY.TO), opens new tab said on Tuesday it has entered into a definitive agreement to buy substantially all of Plains' Canadian natural gas liquids business, plus select U.S. assets, for C$5.15 billion ($3.77 billion) in cash.
The buyout expands Keyera's position with a fully connected natural gas liquids corridor stretching from western to eastern Canada, the company said.
Keyera said the acquired assets include NGL extraction, fractionation, storage, as well as rail and truck terminals located across Alberta, Saskatchewan, Manitoba and Ontario.
($1 = 1.3662 Canadian dollars)
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