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Brookfield Infrastructure says takeover target Inter Pipeline denying data access
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Brookfield Infrastructure says takeover target Inter Pipeline denying data access
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Brookfield Infrastructure says takeover target Inter Pipeline denying data access
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A shiny toy : The Alberta petrochemical complex at the heart of Brookfield s Inter Pipeline bid
2/24/2021
Inter Pipeline Ltd s ambitious petrochemical plant was meant to unlock new markets, instead it has left the Canadian company battling cost overruns and vulnerable to a hostile $5.64 billion takeover from Brookfield Infrastructure Partners.
Some investors have ruled out a rival bid to Monday s offer for the oil and gas transportation company, and expect Brookfield to snap up Inter just before its newest asset, the Heartland Petrochemical Complex, comes into service.
The C$4 billion Heartland plant near Edmonton, Alberta, is Inter s first petrochemical project and its largest ever capital investment. It is due for completion early next year, several months behind schedule and C$500 million over budget as a result of the COVID-19 pandemic.