CPPIB-Backed Wolf Said Near Devon Canadian Pipeline Deal

  • Transaction could value 50 percent stake at $1.5 billion
  • Deal could be the third for CPPIB-backed energy companies

Wolf Infrastructure Inc., the midstream oil and gas company backed by Canada Pension Plan Investment Board, is nearing a deal to buy Devon Energy Corp.’s 50 percent stake in the Access Pipeline in Western Canada, according to people familiar with the matter.

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