Spectra Energy to buy Express-Platte pipeline system for $1.49 bln

Tue Dec 11, 2012 6:22am EST

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Dec 11 (Reuters) - Spectra Energy Corp said it will spend $1.49 billion to buy an oil pipeline connecting Canadian and U.S. producers to refineries in the Rocky Mountain and Midwest regions.

The Ontario Teachers' Pension Plan, Borealis Infrastructure, and pipeline operator Kinder Morgan Energy Partners held interests in the Express-Platte pipeline system.

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