On July 4, 2018, Enbridge announced its $4.31 billion sale of its Canadian natural gas gathering and processing businesses to Brookfield Infrastructure Partners LP.
The deal includes assets that collect gas from drillers in the Montney, Peace River Arch, Horn River and Liard basins in British Columbia and Alberta, Calgary-based Enbridge said Wednesday. The unit has a total operating capacity of 3.3 billion cubic feet of gas a day.
Enbridge operates the world’s longest crude oil and liquids transportation system across Canada and the United States, and owns and operates Canada’s largest natural gas distribution company.
Brookfield Infrastructure Partners LP, a part of Brookfield Asset Management Inc, is an infrastructure company, owning assets in the utilities, transport, energy and communications infrastructure sectors.
Osler, Hoskin & Harcourt LLP is acting for the lenders and underwriters with a team led by Michael Hart (Financial Services) that includes Kashif Zaman, Martha Martindale (Financial Services), Lorne Carson, Rob Lando (Corporate), Greg Wylie (Tax) and Doug Rienzo (Pensions & Benefits).