Keyera Fully Acquires Simonette Processing Plant, Related Assets for US$81.1 Million

摘要

Keyera Facilities Income Fund signed a letter of intent to fully acquire the Simonette natural gas processing plant along with its related gathering assets for C$82 million (US$81.1 million). The agreement calls for Keyera to acquire the remaining 62.5% interest in the facility that it does not own, along with 66.7% of the North Cabin pipeline and 50% of the Solomon and Cabin Creek pipe line and compressor station. By purchasing these interests, Keyera will own 100% of these facilities. The company will also fully acquire of the 23-mile Findley pipeline and 30.4% ownership in the 45-mile Lynx pipeline.