(Il Sole 24 Ore Radiocor) - Milano, 23 apr - Apollo Global Management said it had agreed to buy a 40% stake in gas-processing company Pembina Gas Infrastructure (PGI) from funds managed by investment firm KKR.

No financial details were disclosed.

Pembina Pipeline Corporation, which operates and manages PGI's facilities, will maintain its 60% stake in the company and the existing governance structure will remain unchanged upon closing, Apollo said.

PGI is one of the largest independent gas processing platforms in Western Canada, with a combined processing capacity of about five billion cubic feet per day.

The deal is expected to close by the end of the second.

quarter.

(RADIOCOR) 23-04-26 15:28:36 (0551) 5 NNNN