Calgary-Pembina Pipeline has finalized its previously announced transaction with KKR to combine their respective western Canadian natural gas processing assets into a new single joint venture entity,Pembina Gas Infrastructure(PCN,1 Aug 2022,p 4).The new business includes Pembina's field-based natural gas processing assets; the Veresen Midstream business; and the business presently being carried on by Energy Transfer Canada,which is currently owned 49% by funds managed by KKR.
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