On July 7, 2016, after market close, Keyera announced an agreement with Bellatrix Exploration Ltd. to acquire an additional 35% ownership in the Alder Flats Plant and associated infrastructure, essentially doubling its current ownership. The total consideration also includes a 10-year take-or-pay commitment, an area dedication agreement and an upfront payment of 35% of the estimated cost of future construction for Phase 2 of the plant. Keyera expects to close the transaction in August 2016.
07 Jul 2016
ACQUIRING ADDITIONAL 35% OF ALDER FLATS GAS PLANT FOR $112.5 MM
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ACQUIRING ADDITIONAL 35% OF ALDER FLATS GAS PLANT FOR $112.5 MM
Keyera Corp. (KEY:TSE) | 0 0 0.6% | Mkt Cap: 6,717m
- Published:
07 Jul 2016 -
Author:
Steven I. Paget -
Pages:
3
On July 7, 2016, after market close, Keyera announced an agreement with Bellatrix Exploration Ltd. to acquire an additional 35% ownership in the Alder Flats Plant and associated infrastructure, essentially doubling its current ownership. The total consideration also includes a 10-year take-or-pay commitment, an area dedication agreement and an upfront payment of 35% of the estimated cost of future construction for Phase 2 of the plant. Keyera expects to close the transaction in August 2016.