Parties
Company
Pembina Pipeline Corporation
Company
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.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
$ 218,484,000Deal Status
ClosedClosing Date
01 August 2024