Plains All American Pipeline, L.P. (PAA) announced that with respect to the pending acquisition by its wholly owned subsidiary Plains Midstream Canada ULC of BP Plc's (BP, BP.L) Canadian natural gas liquids or NGL business, the final regulatory closing condition under the Share Purchase Agreement has been satisfied.
Subject to satisfaction of other customary closing conditions, the acquisition is anticipated to close early in the second quarter of 2012.
In December 2011, BP had said that it has agreed to sell its Canadian natural gas liquids and liquefied petroleum gas business to Plains All American Pipeline, LP's unit Plains Midstream Canada ULC for a total consideration of $1.67 billion in cash.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.