December 12, 2016 / 2:01 PM / a year ago

BRIEF-Inter Pipeline says to buy remaining interest in Cold Lake pipeline system

Dec 12 (Reuters) - Inter Pipeline Ltd

* Deal for $527.5 million

* As a result of deal, inter pipeline will own 100% of cold lake pipeline system

* Inter pipeline-long-term take-or-pay agreement to trigger construction of new $125 million pipeline connection to kirby north production facility

* Inter pipeline - deal is immediately accretive to inter pipeline’s ffo per share and fully consolidates ownership of cold lake pipeline system

* Inter pipeline - also, co to enter long-term take-or-pay deal with canadian natural to transport diluent, bitumen blend for kirby north sagd oil sands project

* Inter pipeline to acquire remaining interest in the cold lake pipeline system and announces new oil sands transportation agreement Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below