Pembina completed the acquisition of Kinder Morgan Canada and Cochin US for $3.3bn.

Pembina Pipeline, an oil, and natural gas exploration and distribution firm completed the acquisition of Kinder Morgan Canada and Cochin US, two of gas pipeline systems of Kinder Morgan for $3.26bn. The transaction values Kinder Morgan Canada at approximately $1.7bn, or $11.27 per share and Cochin US at approximately $1.53bn in cash consideration. "This transaction strengthens the quality of Pembina's adjusted EBITDA, is accretive to adjusted cash flow per share and fits squarely within Pembina's financial guardrails. Combined, these factors give us the confidence to increase our dividend by approximately five percent upon close of the Transaction," Scott Burrows, Pembina Senior Vice President, and CFO.