Plains All American Announces Sale of Minority Ownership Interest in Keyera Fort Saskatchewan Joint Venture

HOUSTON, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Plains All American (Nasdaq: PAA & PAGP) through its wholly owned subsidiary Plains Midstream Canada (“Plains”), announced today that it has entered into definitive agreements to sell its 21% non-operated/undivided ownership interest in the Keyera Fort Saskatchewan (KFS) facility to Keyera Corporation for approximately $365MM CAD ($270 million USD). The transaction, which is subject to Canadian Competition Bureau review and closing conditions, is anticipated to close in the first quarter 2023.

Read more at globenewswire.com