BRIEF-Keyera to buy an additional ownership interest in the Alder Flats gas plant

Thu Jul 7, 2016 6:03pm EDT
 
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July 7 (Reuters) - Keyera Corp:

* Keyera to acquire an additional ownership interest in the Alder Flats Gas Plant

* Deal for $112.5 million

* Upon closing, Keyera will own 70% of facilities while Bellatrix will continue to be an owner and operator of facilities

* Keyera Corp says acquisition is expected to be immediately accretive to Keyera's distributable cash flow per share

* Total consideration includes additional working interest in facilities, a 10-year take-or-pay commitment, an area dedication agreement

* Total consideration also includes prepayment of 35% of estimated future construction costs of phase 2 of alder flats plant Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)