Pembina Pipeline Closes Acquisition Of Enbridge's Interest In Alliance/Aux Sable
(RTTNews) - Pembina Pipeline Corp. (PBA, PPL.TO) announced Monday that it has completed its previously announced acquisition of Enbridge Inc.'s (ENB, ENB.TO)interest in the Alliance, Aux Sable, and NRGreen joint ventures. Pembina Pipeline increased its ownership in Alliance and Aux Sable.
The approximately $3.1 billion purchase price for the transaction was funded, in part, from the net proceeds of Pembina's $1.28 billion bought deal offering of subscription receipts, which closed on December 19, 2023.
On March 28, 2024, Pembina made a cash payment per Subscription Receipt, to holders of Subscription Receipts of record as of March 15, 2024, of $0.6675.
In conjunction with closing, Pembina has updated its 2024 adjusted EBITDA guidance range to $4.05 billion to $4.30 billion, up from the prior guidance range of $3.725 billion to $4.025 billion.
The revised outlook primarily reflects the incremental contribution from increased ownership of Alliance and Aux Sable, as well as a stronger outlook in the marketing business.
Enbridge, First Nations And Metis Partner To Advance 200 MW Wind Energy Project In Saskatchewan
Pembina Pipeline Says Canada OKs Proposed Acquisition Of Enbridge's Interest In Alliance/Aux Sable
Pembina Pipeline Sets C$880 Mln Capital Investment Program For 2024
Enbridge Appoints Patrick Murray To Succeed Vern Yu As EVP And CFO
European Stocks Close Broadly Lower After Cautious Session
Eurozone Investor Sentiment Improves For Second Month - Sentix
U.S. Factory Orders Decrease In Line With Estimates In September
