Flying in face of negative sentiment, U.S. private equity giant forms natural gas company in Canada

Flying in face of negative sentiment, U.S. private equity giant forms natural gas company in Canada

CALGARY – Eyeing an opportunity in Canada’s troubled natural gas sector, U.S. private equity giant KKR & Co. Inc. and a partner have created a $1.15 billion Calgary-based company focused on natural gas processing assets in Alberta. Partners KKR and Tulsa-based SemGroup Corp. said Thursday they are injecting capital into SemCAMS Midstream ULC, and spending…

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