Pembina Pipeline Corp. (TSE:PPL) has released an update.
Pembina Pipeline Corp. has finalized its acquisition of Enbridge’s interest in key joint ventures, leading to an increase in its 2024 adjusted EBITDA guidance. The $3.1 billion deal was partly funded by a $1.28 billion offering of subscription receipts, which will now be converted into common shares following the transaction’s close. This strategic purchase is set to bolster Pembina’s market position by expanding its asset base and tapping into robust end-use markets.
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