March 19 (Reuters) - Pembina Pipeline ( PBA ) said on
Tuesday the Canadian Competition Bureau has approved its
proposed C$3.1 billion ($2.28 billion) acquisition of
Enbridge's ( ENB ) interests in the Alliance, Aux Sable, and
NRGreen joint ventures.
The deal is expected to close on April 1, Pembina said.
Alliance delivers liquids-rich natural gas sourced in
Northeast B.C., Northwest Alberta and the Bakken region to
Chicago.
Aux Sable operates natural gas liquids (NGL) extraction and
fractionation facilities in both Canada and the U.S., with
extraction rights on Alliance, offering connectivity to key U.S.
NGL hubs.
Enbridge ( ENB ) announced the deal in December to reduce its debt
following its $14 billion offer for three of Dominion Energy's ( D )
natural gas distribution companies in September.
($1 = 1.3568 Canadian dollars)
(Reporting by Sourasis Bose in Bengaluru; Editing by Shilpi
Majumdar abd Sriraj Kalluvila)