CPPIB-backed Wolf completes $1.4 bln buy into Access Pipeline

Calgary's Wolf Midstream Inc has wrapped up its acquisition of a 50 percent ownership interest in Access Pipeline Inc, operator of a heavy oil transportation pipeline network servicing facilities in the northeastern region of Alberta. The deal, announced in July, saw Wolf pay Devon Energy Corp $1.4 billion for the stake. Canada Pension Plan Investment Board, which last year formed a partnership with Wolf to invest in midstream opportunities in Western Canada, committed $825 million to the acquisition.

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