Keyera defends $5.15B Plains deal before Competition Tribunal
Calgary-based Keyera Corp. is arguing before the Competition Tribunal that its acquisition of Plains All American's Canadian natural gas liquids business will benefit competition rather than harm it.
Why it matters
The tribunal's ruling could reshape ownership and competition in Canada's natural gas liquids infrastructure, an industry centred in Alberta.
Keyera Corp., headquartered in Calgary, told the Competition Tribunal that its proposed $5.15-billion purchase of Plains All American Pipeline's Canadian natural gas liquids business is 'pro-competitive,' pushing back against concerns the deal could reduce competition in the sector.
The case is being heard as regulators examine whether the transaction would give Keyera too much market power in handling and processing natural gas liquids in Canada. Keyera's submission to the tribunal argues the opposite, framing the acquisition as a move that would strengthen, rather than weaken, competitive dynamics in the industry.
Details of the tribunal proceedings, including specific arguments from opposing parties, were not fully outlined in available reporting. The outcome of the hearing will determine whether the deal can proceed as planned.
Compiled by the Alberta Daily Desk — an AI-written summary of reporting from the credited sources below, produced and reviewed under our editorial policy.