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

Client

Husky Energy Inc.

Value

$1.7 billion

Service

Mergers and Acquisitions

Date Closed

July 2016

Industry

Energy (Oil & Gas)

Lead Office

Calgary


 

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.


Team
Daniel Kolibar
Key Contact

Daniel Kolibar

Partner, Corporate

Frank  Turner

Frank Turner

Partner, Corporate

Janice Buckingham - Oil & Gas Lawyer

Janice Buckingham

Partner, Energy

Paula Olexiuk - Energy and Construction Lawyer

Paula Olexiuk

Partner, Energy