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Pembina Pipeline Says Canada OKs Proposed Acquisition Of Enbridge's Interest In Alliance/Aux Sable
(RTTNews) - Pembina Pipeline Corp. (PPL.TO, PBA) announced Tuesday that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Enbridge's interest in the Alliance, Aux Sable, and NRGreen joint ventures.
The receipt of the "no-action letter" satisfies the last material regulatory condition necessary for completion of the Transaction, which is expected to occur on April 1, 2024.
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Pembina Pipeline Closes Acquisition Of Enbridge's Interest In Alliance/Aux Sable
Pembina Pipeline Corp. (PBA, PPL.TO) announced Monday that it has completed its previously announced acquisition of Enbridge Inc.'s (ENB, ENB.TO)interest in the Alliance, Aux Sable, and NRGreen joint ventures. Pembina Pipeline increased its ownership in Alliance and Aux Sable.
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461 days ago
Pembina Pipeline Sets C$880 Mln Capital Investment Program For 2024
While providing financial guidance for the full-year 2024 on Monday, Pembina Pipeline Corp. (PBA, PPL.TO) expects adjusted EBITDA of C$3.725 billion to C$4.025 billion.
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573 days ago
TSX Settles Roughly Flat
The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.
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1 day ago
Euro Climbs Against Most Majors
The euro firmed against its most major counterparts in the New York session on Friday.
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1 day ago
Swiss Market Ends Slightly Down
After languishing in negative territory till a little before the final hour of the day's trading session, the Switzerland market managed to emerge into positive zone on Friday but failed to hold firm and eventually settled with a marginal loss.
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1 day ago
European Stocks Close Weak As Tariff Concerns Weigh On Sentiment
European stocks closed lower on Friday amid concerns about U.S. tariffs, and on some disappointing regional economic data.
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1 day ago
TSX Up Marginally After Posting New Record High
The Canadian market is up marginally a little past noon on Friday with investors largely making cautious moves on weak private sector activity report, and amid uncertainty about Trump administration's tariff moves.
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1 day ago
German Factory Orders Log Bigger-Than-Expected Fall
Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
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2 days ago
