Investing.com -- KKR is considering selling its 40% stake in Pembina Gas Infrastructure, with the holding expected to be valued at around $7 billion, according to Reuters, citing four people familiar with the matter.
The investment firm has been working with Scotiabank bankers in recent weeks to gauge potential buyer interest in the stake, the sources said, speaking on condition of anonymity due to the confidential nature of the discussions.
Pembina Gas Infrastructure was established in 2022 as a joint venture between KKR and Pembina Pipeline Corp . The company owns natural gas and natural gas liquids transportation, processing and storage infrastructure across western Canada.
The sources cautioned that a sale is not guaranteed at this stage.
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