KKR, Veresen Form $860M Venture, Buy Gas Assets For $516M

By Keith Goldberg (December 23, 2014, 1:11 PM EST) -- Veresen Inc. and affiliates of KKR Inc. have formed a CA$1 billion ($860 million) joint venture focused on Canadian natural gas midstream infrastructure, marking the tie-up with a CA$600 million purchase of gas gathering and processing assets in British Columbia from Encana Corp., the companies said Monday....

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