# Pembina and KKR form joint venture for Western Canadian gas-processing assets

Pembina Pipeline Corporation and KKR agreed to combine their Western Canadian natural gas-processing assets into a new joint venture, with Pembina owning 60% and KKR 40%. The total ascribed value is $11.4 billion.

- Type: Partnership
- Announced: 2022-03-01
- Where: Western Canada, Canada
- Value: $11.4B
- Status: announced
- Products: natural gas processing
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Pembina Pipeline Corporation](https://endata.com/companies/11711.md) (partner)
- [Kohlberg Kravis Roberts](https://endata.com/companies/61382.md) (partner)

## Sources

- [dbrs.morningstar.com](https://dbrs.morningstar.com/research/393105/dbrs-morningstar-comments-on-agreement-between-pembina-pipeline-corporation-and-kohlberg-kravis-roberts-to-create-new-joint-venture), 2022-03-01: "Pembina Pipeline Corporation announced today that it has entered into definitive agreements with Kohlberg Kravis Roberts to combine their respective Western Canadian natural gas-processing assets into a single new joint venture entity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.