Enbridge Inc. has agreed to sell its interests in Alliance, Aux Sable and NRGreen to energy transportation and midstream service provider Pembina Pipeline Corp. for $3.1 billion. The transaction, announced Dec. 13, is expected to close in the first half of 2024. Calgary, Canada-based Pembina was advised by Blake, Cassels & Graydon and a Paul, Weiss, Rifkind, Wharton & Garrison team. Skadden, Arps, Slate, Meagher & Flom represented the underwriters in connection with the acquisition. The Skadden team included capital markets partner Ryan Dzierniejko. Counsel information for Enbridge was not immediately available.
Business Services
December 14, 2023, 12:11 PM