KML Announces Competition Act Clearance for Pembina Transaction

CALGARY, Nov. 20, 2019 /PRNewswire/ – Kinder Morgan Canada Limited (TSX: KML) today announced that it and Pembina Pipeline Corporation (Pembina) have received a “no-action letter” from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition of KML’s outstanding common equity by Pembina by way of a statutory arrangement under the Business Corporations Act (Alberta) (the Arrangement).