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(Bloomberg) Pembina Pipeline Corp. agreed to acquire Inter Pipeline Ltd. for about C$8.3 billion ($6.9 billion) in an all-stock deal that will create one of the largest energy companies in Canada.The proposal from Pembina trumps a hostile takeover offer for Inter made by Brookfield Infrastructure Partners LP earlier this year. Inter spurned that approach and began a review of its options, which included a sale.The Pembina-Inter combination is the largest Canadian energy transaction in four years. The sector has been battered by low oil prices and regulatory uncertainty. President Joe Biden’s cancellation of TC Energy Corp.’s Keystone XL oil pipeline in January added to doubts over the long-term prospects of Canada’s oil industry.Buying Inter will give Pembina additional pipeline infrastructure across Western Canada, connecting the region’s oil sands and natural gas producers with domestic and foreign customers. Pembina will also take on Inter’s Hear

Nova scotiaMichael dilgerJoe bidenTc energy corpJpmorgan chase coInter pipeline ltdBloomberg pembina pipeline corpInter pipelineBrookfield infrastructure partnersWestern canadaHeartland petrochemical complexPembina chief executive officer michael dilgerPembina pipelineBrookfield infrastructure partners lpInter pipeline ltdநோவா ஸ்கோடியா