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Pembina Pipeline C$9.7 billion acquisition of Veresen

1/5/2017
Public acquisition
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C$ 9.7 billion

Announced

1/5/2017

Overview:

  • Midstream gas services company Pembina Pipeline has acquired Veresen in a C$9.7 billion deal.
  • The acquisition figure includes Veresen debt.
  • The deal additionally needs regulatory approval in the US.
  • CIBC World Markets acted as financial adviser for Pembina and Scotiabank acted for Veresen.
  • The transaction is expected to close in the second half of 2017.

Kurt Stumpo - Journalist

Jurisdictions:

Canada
United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Canada

Industry sector:

Oil and gas

Firms:
Blake Cassels & Graydon

Party: Pembina Pipeline (Acquirer)

Lawyers: Chad Schneider, Chris Harris, Jeff Bakker, Olga Kary, Warren Nishimura

Osler Hoskin & Harcourt

Party: Veresen (Target)

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