Keyera (TSE:KEY) said it closed its acquisition of Plains’ Canadian natural gas liquids business two days before its first-quarter conference call, describing the transaction as a major expansion of its integrated platform while also noting that the deal is now before the Competition Tribunal.
President and CEO Dean Setoguchi said the acquisition “materially expands Keyera’s integrated platform” and is a “natural extension” of the company’s strategy to extend its integrated value chain. He said the combined platform should improve customer access to key markets, flexibility and reliability, while creating “a stronger, more efficient cross-Canada NGL corridor.”
