Keyera to acquire a 21% stake in Keyera Fort Saskatchewan from Plains Midstream Canada for $365m.

Keyera, a midstream oil and gas operator, agreed to acquire a 21% stake in Keyera Fort Saskatchewan, a fractionation and storage facility, from Plains Midstream Canada, a company provides solutions to logistical challenges in the crude oil and liquefied petroleum gas businesses, for $365m. "This transaction increases our stake in highly strategic core assets located at the heart of our existing value chain. It will be immediately accretive upon closing and offers quality cash flow growth without having to build new capacity in an inflationary environment," Dean Setoguchi, Keyera's President and CEO.