CPPIB's Wolf Infrastructure close to Devon Energy deal: Reuters
Wolf Infrastructure Inc, a Calgary-based midstream oil and gas company backed by the Canada Pension Plan Investment Board, is close to buying Devon Energy Corp's 50 percent stake in the Access Pipeline in Western Canada, Reuters reported, citing a Bloomberg story. The deal values Devon's stake in the Access Pipeline at as much as $1.5 billion and could be announced as early as this week, the report said. If the acquisition materialises, it will be the third in the energy sector involving CPPIB in recent weeks.
13 July 2016•2 mins read
