Pembina acquires remaining 14.6 percent interest in Aux Sable from The Williams Companies

Company

Pembina Pipeline Corporation

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

The Williams Companies, Inc.

Law Firm / Organization
The Williams Companies, Inc.

On August 1, 2024, Pembina acquired the remaining 14.6 percent interest in Aux Sable's U.S. operations from certain subsidiaries of The Williams Companies, Inc. for approximately $218 million (US$160 million).

This acquisition has led to Pembina's fully consolidated ownership of all Aux Sable assets. The acquisition was funded by amounts drawn under Pembina's existing credit facilities and cash on hand.

Merger & Acquisition
Energy
$ 218,484,000
Closed
01 August 2024