Keyera closes its previously announced deal to acquire Plains’ Canadian natural gas liquids (NGL) business, according to reporting from Canadian outlets. The transaction follows a regulatory challenge launched last week by Canada’s Competition Bureau, which questioned the deal under the Competition Act. Despite this challenge, Keyera proceeds to complete the acquisition, with the company stating that it believes industry participants broadly support the transaction. The reported completion indicates that the matter reaches a point where Keyera is able to take control of the targeted NGL assets in Canada. While the sources describe the Competition Bureau’s challenge, they do not detail the final outcome of any ongoing regulatory process or whether additional steps remain. Overall, the reporting presents the closure of the acquisition as the central development: Keyera has successfully finalized its purchase of Plains’ Canadian NGL assets, even as regulatory scrutiny was raised shortly before completion.
Keyera completes purchase of Plains’ Canadian natural gas liquids assets
Keyera closes its previously announced deal to acquire Plains’ Canadian natural gas liquids (NGL) business, according to reporting from Canadian outlets. The transaction follows a regulatory challenge...
- Keyera completes its acquisition of Plains’ Canadian natural gas liquids (NGL) business.
- The deal faces a challenge from Canada’s Competition Bureau, raised last week.
- Keyera says the industry largely supports the transaction.
- The transaction involves Plains’ NGL assets in Canada.
- The reported development is the closing of the deal despite regulatory scrutiny.
Company believes the industry largely supports the deal, which was challenged by Canada’s Competition Bureau last week
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