Pembina Pipeline Acquires Enbridge's Interests in Alliance, Aux Sable and NRGreen
April 1, 2024
Pembina Pipeline Corporation completed the previously announced acquisition of Enbridge Inc.'s interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for approximately $3.1 billion. The deal increases Pembina's ownership of those midstream assets, was funded in part by a $1.28 billion subscription receipt offering, and prompted an upward revision to Pembina's 2024 adjusted EBITDA guidance.
- Buyers
- Pembina Pipeline Corporation
- Targets
- Alliance Pipeline, Aux Sable, NRGreen
- Sellers
- Enbridge Inc.
- Industry
- Energy
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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