The private capital giant KKR is considering selling its 40% participation in the Pembina gas infrastructure, a Canadian intermediate current operator valued at approximately $ 7 billion, according to sources familiar with the matter.
Pembina gas infrastructure was created in 2022 as a joint business between KKR and Pembina Pipeline Corp. The company has the transport, processing and storage of natural gas fluids and natural gas fluids in western Canada, with a processing capacity of around 5 billion cubic feet per day. Its assets cover bituminous shale basins, including Montney and Duvernay.
KKR has hired Scotiabank to measure the interests of the buyer, although an agreement is not guaranteed. Potential suitors include infrastructure funds and alternative asset administrators attracted by constant returns of said assets without the need for direct operational control. The opportunities to acquire large minority stakes in the infrastructure of Canadian pipes are rare, which gives the value of the additional shortage of KKR.
If KKR leaves the discussed assessment, the company would obtain a significant gain in its investment. In its creation, Pembina gas infrastructure was valued at C $ 11.4 billion ($ 8.17 billion). Since then, the company has expanded bringing online projects and acquiring additional assets.
The potential sale is produced in the midst of greater activity of agreement in the energy sector of Canada, since investors seek exposure to critical infrastructure to meet the growing demand.
Read this article at Oilprice.com
(Tagstotranslate) Pembina gas Infrastructure
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