By LNG World News Pembina Pipeline Corporation said it has completed its business combination with Veresen creating one of the largest energy infrastructure companies in Canada.
Mick Dilger, Pembina’s president and CEO, said that with increased size and scale, the combined companies create a platform in which Pembina can pursue expanded growth opportunities.
Pursuant to the arrangement, Pembina acquired all of the issued and outstanding common shares of Veresen in a transaction valued at approximately $9.4 billion, including the assumption of Veresen’s debt and preferred shares.
All regulatory conditions have been satisfied prior to closing, Pembina said.
Pembina noted that in September, Veresen’s Jordan Cove Energy and Pacific
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