Plains Midstream Luxembourg Acquired by Keyera | Energy M&A Deal

Keyera has completed the acquisition of Plains Midstream Luxembourg, a midstream business in Luxembourg. Plains Midstream Luxembourg operates energy midstream assets and supports natural gas and NGL inventory management through pipeline and related infrastructure. Keyera acquires Plains Midstream Luxembourg to expand midstream acquisition capabilities and strengthen its strategic position in energy M&A. This other acquisition is a strategic acquisition by a strategic buyer, with deal size undisclosed, and is structured through a share purchase agreement with closing adjustments tied to working capital, NGL inventory, tax pool, and capex.