December 12, 2016 / 1:59 PM / 7 months ago

BRIEF-Inter Pipeline says to buy remaining interest in Cold Lake pipeline system

1 Min Read

Dec 12 (Reuters) - Inter Pipeline Ltd

* Deal for $527.5 million

* As a result of deal, inter pipeline will own 100% of cold lake pipeline system

* Inter pipeline-long-term take-or-pay agreement to trigger construction of new $125 million pipeline connection to kirby north production facility

* Inter pipeline - deal is immediately accretive to inter pipeline's ffo per share and fully consolidates ownership of cold lake pipeline system

* Inter pipeline - also, co to enter long-term take-or-pay deal with canadian natural to transport diluent, bitumen blend for kirby north sagd oil sands project

* Inter pipeline to acquire remaining interest in the cold lake pipeline system and announces new oil sands transportation agreement Source text for Eikon: Further company coverage:

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