Pembina Pipeline Closes Acquisition Of Enbridge's Interest In Alliance/Aux Sable

RTTNews | 347 days ago
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.

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Enbridge, First Nations And Metis Partner To Advance 200 MW Wind Energy Project In Saskatchewan

Enbridge, First Nations And Metis Partner To Advance 200 MW Wind Energy Project In Saskatchewan

Enbridge Inc. (ENB, ENB.TO) and Six Nations Energy Development LP (Six Nations) - a newly-created consortium of Cowessess First Nation, George Gordon First Nation, Kahkewistahaw First Nation, Metis Nation-Saskatchewan, Pasqua First Nation and White Bear First Nations - announced Monday plans to advance development of a new wind energy project southeast of Weyburn, Saskatchewan.
RTTNews | 263 days ago
Enbridge Appoints Patrick Murray To Succeed Vern Yu As EVP And CFO

Enbridge Appoints Patrick Murray To Succeed Vern Yu As EVP And CFO

Enbridge Inc. (ENB, ENB.TO) announced Monday that the Board of Directors has appointed Patrick Murray, currently Senior Vice President & Chief Accounting Officer, to succeed Vern Yu as Executive Vice President and Chief Financial Officer, effective July 1, 2023.
RTTNews | 676 days ago
FTSE 100 Advances Despite Weak GDP Data

FTSE 100 Advances Despite Weak GDP Data

Despite data showing an unexpected contraction in the nation's GDP in the month of January, U.K. stocks are up in positive territory on Friday, tracking cues from other major European markets. Bank and mining stocks are among the prominent gainers.
RTTNews | 4h 18min ago
BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25

BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25

German luxury automaker BMW Group reported Friday lower profit and revenues in its fourth quarter hit mainly by weak Automotive deliveries, despite growth in Rolls-Royce. The company also trimmed its dividend, and issued fiscal 2025 outlook, expecting stable Group earnings before taxes, but slight growth in sales volume amid continuing subdued demand in the Chinese market.
RTTNews | 4h 38min ago
Pound Slides On Weak UK GDP Data

Pound Slides On Weak UK GDP Data

The British pound weakened against most major currencies in the European session on Friday, after U.K. economy logged an unexpected contraction at the start of the year on a sharp fall in production.
RTTNews | 4h 46min ago
CAC Moderately Higher In Cautious Trade

CAC Moderately Higher In Cautious Trade

French stocks are up in positive territory a little past noon on Friday, led by gains financials and luxury sectors. The mood remains cautious amid escalating trade war tensions. Slight optimism about a ceasefire in Ukraine is aiding sentiment.
RTTNews | 5h 3min ago