Plains All American Completes Divestiture of Interest in Keyera Fort Saskatchewan Facility
13 Fevereiro 2023 - 6:15PM
Plains All American (Nasdaq: PAA & PAGP), through its wholly
owned subsidiary Plains Midstream Canada, has closed the previously
announced transaction to sell its non-operated ownership interest
in the Keyera Fort Saskatchewan facility to Keyera for
approximately $367 million CAD ($271 million USD). The transaction
was completed at an attractive multiple and on terms that will
improve connectivity to the Plains Fort Saskatchewan complex.
About Plains Plains All American (Nasdaq: PAA)
is a publicly traded master limited partnership that owns and
operates midstream energy infrastructure and provides logistics
services for crude oil and natural gas liquids (NGL). Plains owns
an extensive network of pipeline gathering and transportation
systems, in addition to terminalling, storage, processing,
fractionation, and other infrastructure assets, serving key
producing basins, transportation corridors, and major market hubs
and export outlets in the United States and Canada. On average,
Plains handles more than seven million barrels per day of crude oil
and NGL.
Plains GP Holdings (Nasdaq: PAGP) is a publicly traded entity
that owns an indirect, non-economic controlling general partner
interest in PAA and an indirect limited partner interest in PAA,
one of the largest energy infrastructure and logistics companies in
North America.
PAA and PAGP are headquartered in Houston, Texas, and its
Canadian operations are managed by Plains Midstream Canada, which
is based in Calgary, Alberta. For more information, please visit
www.plains.com.
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