Enbridge Inc. to acquire outstanding interests in Enbridge Energy Partners LP and Enbridge Energy Management LLC

Lead Office

Calgary

Value

3.50 Billion USD

On September 18, 2018, Enbridge Inc. announced that it has agreed to acquire all of the outstanding public Class A common units of Enbridge Energy Partners LP. Enbridge also announced a separate transaction to acquire all of the outstanding public listed shares of Enbridge Energy Management LLC. The deals are worth a combined value of US$3.5 billion, and are part of a larger portfolio of transactions aimed at simplifying Enbridge's corporate structure. 

Both transactions have been approved by the board of directors for Enbridge and some of its U.S. subsidiaries, as well as special committees for both Enbridge Energy Partners and Enbridge Energy Management. These deals are expected to close late in the fourth quarter of 2018.

Enbridge is North America's premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation.

Enbridge Energy Management and Enbridge Energy Partners are branches of Enbridge Inc. that provide energy transportation, generation and distribution throughout North America.

McCarthy Tétrault LLP is advising Enbridge with a team led by John Osler that includes Jeremy Busch-Howell, Michael Bennett, Elaine Sun and Michael Shahinian.

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