As a result, OMERS now owns a 50% interest in BridgeTex, Plains has retained a 20% interest, and Magellan has retained a 30% interest and will continue to operate the pipeline.
Plains All American Pipeline, L.P. (Plains), Magellan Midstream Partners, L.P. (Magellan), and OMERS, the defined benefit pension plan for municipal employees in Ontario, Canada (OMERS), along with OMERS Infrastructure Management Inc. (OMERS Infrastructure), the infrastructure investment manager of OMERS, have announced that certain of their subsidiaries have closed the previously announced joint ownership transaction in BridgeTex Pipeline Company, LLC (BridgeTex).
As a result, OMERS now owns a 50% interest in BridgeTex, Plains has retained a 20% interest, and Magellan has retained a 30% interest and will continue to operate the pipeline.
