Keyera Acquires Full Ownership of KAPS Pipeline in $860M Deal
Keyera (KEY.TO) acquired the remaining 50% stake in the KAPS Pipeline from Stonepeak for C$1.21 billion ($860 million), gaining full ownership and operational control. The pipeline, which transports natural gas liquids and condensate to Keyera's hub, is expected to be low-single-digit accretive to distributable cash flow per share.
Topics: Energy Infrastructure Natural Gas Liquids (NGL) Ownership Change Pipeline