Keyera announces plans to acquire Plains’ Canadian NGL business in $5.15B deal - MRO Magazine

Keyera announces plans to acquire Plains’ Canadian NGL business in $5.15B deal - MRO Magazine

Alberta-based Keyera Corp. has announced it has entered into a definitive agreement to acquire substantially all Plains’ Canadian natural gas liquids (NGL) business, along with select U.S. assets, for approximately $5.15 billion, according to a company press statement. The transaction is expected to close in the first quarter of 2026, pending regulatory approvals, including clearance under the Competition Act (Canada). If completed, the acquisit…