お知らせ • Apr 01
Pembina Pipeline Corporation (TSX:PPL) completed the acquisition of an additional minority stake in Aux Sable Canada LP, Aux Sable Liquid Products LP, Alliance Pipeline Ltd., NRGreen Power LP, Alliance Pipeline Limited Partnership, Alliance Canada Marketing Ltd., Alliance Canada Marketing LP,Aux Sable Liquid Products Inc., Aux Sable Midstream, LLC, Aux Sable Canada Ltd., NRGreen Power Ltd., Alliance Pipeline, Inc. and Alliance Pipeline L.P. from Enbridge Inc. (TSX:ENB).
Pembina Pipeline Corporation (TSX:PPL) entered into a definitive agreement to acquire an additional minority stake in Aux Sable Canada LP, Aux Sable Liquid Products LP, Alliance Pipeline Ltd., NRGreen Power LP, Alliance Pipeline Limited Partnership, Alliance Canada Marketing Ltd., Alliance Canada Marketing LP,Aux Sable Liquid Products Inc., Aux Sable Midstream, LLC, Aux Sable Canada Ltd., NRGreen Power Ltd., Alliance Pipeline, Inc. and Alliance Pipeline L.P. from Enbridge Inc. (TSX:ENB) for CAD 3.1 billion on December 13, 2023. The aggregate purchase price of approximately CAD 3.1 billion, including approximately CAD 327 million of assumed debt, representing Enbridge’s proportionate share of the indebtedness of Alliance. Pembina currently owns 50% of the equity interests in Alliance, Aux Sable’s Canadian operations and NRGreen and approximately 42.7% of the equity interests in Aux Sable’s U.S. operations, and is the operator of certain assets of the Acquired Business pursuant to various operation services agreements, with Enbridge being the operator of the remaining assets of the acquired business under other COSAs. Following completion of the Acquisition, Pembina will hold 100% of the equity interests in Alliance, Aux Sable’s Canadian operations and NRGreen and approximately 85.4% of Aux Sable’s U.S. operations, and Pembina will become the operator of all of the Alliance, Aux Sable and NRGreen businesses. The cash portion of the Acquisition will be funded through a combination of: (i) the net proceeds of a CAD 1.1 billion bought deal offering of subscription receipts; and (ii) amounts drawn under Pembina’s existing credit facilities and cash on hand. The sales proceeds will fund a portion of the strategic U.S. gas utilities acquisitions and be used for debt reduction. The effective date of the transaction is January 1, 2024, with closing expected to occur in the first half of 2024, subject to the receipt of regulatory approvals and antitrust approvals and customary closing conditions. The transaction is expected to occur on April 1, 2024. Torys LLP acted as legal advisor and Scotiabank, Inc. and National Bank Financial, Inc. acted as financial advisor to Enbridge Inc. Blake, Cassels & Graydon LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor and TD Securities, Inc. acted as financial advisor to Pembina Pipeline Corporation. As of March 19, 2024, Pembina Pipeline Corporation receives Canadian Competition Bureau Approval for the Proposed Acquisition of Enbridge’s Interest in Alliance/Aux Sabl.
Pembina Pipeline Corporation (TSX:PPL) completed the acquisition of an additional minority stake in Aux Sable Canada LP, Aux Sable Liquid Products LP, Alliance Pipeline Ltd., NRGreen Power LP, Alliance Pipeline Limited Partnership, Alliance Canada Marketing Ltd., Alliance Canada Marketing LP,Aux Sable Liquid Products Inc., Aux Sable Midstream, LLC, Aux Sable Canada Ltd., NRGreen Power Ltd., Alliance Pipeline, Inc. and Alliance Pipeline L.P. from Enbridge Inc. (TSX:ENB) on April 1, 2024. Enbridge sold its 50.0% interest in Alliance Pipeline and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation.