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CALGARY – Brookfield Infrastructure has spent billions of dollars buying up hydrocarbons infrastructure in Western Canada, primarily in the natural gas business, but its proposed acquisition of Inter Pipeline Ltd. marks a major foray into oil infrastructure and some analysts believe the company isn’t done yet.
The Toronto-based asset manager labelled Inter Pipeline’s share price performance as “strained” this week as it launched a takeover bid for the Calgary-based pipeline operator, which sent the target company’s shares soaring.
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