Our Calgary office is advising the independent directors of Enbridge Income Fund Holdings Inc. (“EIFH”) in the sale of EIFH to Enbridge Inc. of all of the outstanding common shares of EIFH not currently owned by Enbridge Inc. for C$4.7bn. The transaction is expected to close by mid-November 2018.
Enbridge Inc. is a natural gas distribution company that holds the largest oil pipeline crossing into the USA from Canada. The company has capacity for more than 1,400 megawatts of renewable and alternative power generating capacity. Enbridge is also Canada’s largest natural gas distribution provider.
The team was led by Justin Ferrara and included Marcus Archer, Dion Legge, Jennifer McPherson and Rujuta Patel.