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Pembina Pipeline Corporation and KKR Create Joint Venture to Merge Western Canadian Processing Assets

Pembina Pipeline Corporation and KKR Create Joint Venture to Merge Western Canadian Processing Assets

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All financial figures are approximate and in Canadian dollars unless otherwise noted. CALGARY, AB, March 1, 2022 /PRNewswire/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) today announced that it has entered into definitive agreements with KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity (“Newco”), which will be owned 60 percent by Pembina and 40 percent by KKR’s global infrastructure funds.

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