Plains All American to Sell Canadian NGL Business to Keyera for $3.75B

Key Takeaways PAA is selling most of its Canadian NGL business to Keyera for about $3.75 billion. The deal boosts PAA's crude oil focus while reducing exposure to commodity volatility. PAA expects nearly $3 billion in net proceeds post-tax, aiding buybacks and strategic acquisitions.Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings (PAGP) , (collectively, Plains) have entered into a definitive agreement to sell the majority of their Canadian Natural Gas Liquids (“NGL”) business to Keyera Cor ...