Husky Energy Inc.

The Independent Committee of the Board of Husky Energy Inc. in the disposition of an interest in midstream assets for $1.7 billion


Husky Energy Inc.


$1.7 billion


Mergers and Acquisitions

Date Closed

July 2016



Lead Office



On July 18, 2016, Husky Energy Inc. completed an agreement under which 65 percent of its ownership interest in select midstream assets in the Lloydminster region of Alberta and Saskatchewan were sold to Cheung Kong Infrastructure Holdings Limited and Power Assets Holdings Limited. 

Husky received $1.7 billion of gross cash proceeds, a 35 percent interest in the assets and will remain operator.

Osler represented the Independent Committee of the Board of Husky with a team led by Daniel Kolibar and Frank Turner, and included Ted Thiessen, Janice Buckingham and Paula Olexiuk.