Keyera Acquires Remaining Stake in KAPS Pipeline for C$1.215 Billion
Keyera Corp has acquired a 50% stake in the KAPS Pipeline from Stonepeak for C$1.215 billion, gaining full ownership of this critical natural gas liquids transportation system serving Western Canada's Montney and Duvernay shale plays. The acquisition is expected to boost Keyera’s distributable cash flow per share over several years.
Topics: midstream Montney/Duvernay plays natural gas liquids pipeline acquisition