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Terminal News

Pembina Pipeline closes on Kinder Morgan Canada acquisition

Pembina Pipeline closes on Kinder Morgan Canada acquisition
Pembina Pipeline has completed the acquisition of Kinder Morgan Canada and the US portion of the Cochin Pipeline system for C$4.35 billion.

Mick Dilger, Pembina's president and CEO says: 'We are pleased to have closed the highly strategic Kinder Morgan transaction earlier than originally expected, which will allow us to realise a full year of contribution from these assets in 2020. The newly acquired assets provide enhanced integration within our existing franchise, entrance into exciting new businesses and clear visibility to creating long-term value for our shareholders.

'Our teams will now focus on completing the integration activities and pursuing the $100 million of additional run-rate adjusted EBITDA we expect to realise over the coming years.'



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