Calgary-based Pembina Pipeline Corporation has completed its merger with Veresen that creates one of Canada's largest midstream energy infrastructure companies.
Last July, shareholders of Pembina and Veresen approved the $7.8 billion merger and the transaction was announced in May this year.
As part of the deal Pembina acquired all of the issued and outstanding common shares of Veresen, including the assumption of Veresen's debt and preferred shares.
"With increased size and scale, the combined companies create a platform in which we can pursue expanded growth opportunities while continuing to support future dividend growth and value creation for our shareholders. Our customers will also benefit from the enhanced service offerings through the highly integrated asset base and the extended geographic reach," said Mick Dilger, Pembina's President and Chief Executive Officer.
He added: "We have recently placed $2.8 billion of projects into service and expect to place approximately $2 billion of additional projects into service by early 2018. Pembina has truly become a leading North American infrastructure company and is well positioned to deliver top-tier performance going forward."