Plains All American Completes Divestiture of Interest in Keyera Fort Saskatchewan Facility

HOUSTON, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Plains All American (Nasdaq: PAA & PAGP), through its wholly owned subsidiary Plains Midstream Canada, has closed the previously announced transaction to sell its non-operated ownership interest in the Keyera Fort Saskatchewan facility to Keyera for approximately $367 million CAD ($271 million USD). The transaction was completed at an attractive multiple and on terms that will improve connectivity to the Plains Fort Saskatchewan complex.

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