Mergers and Acquisitions

Veresen Inc. in its $9.7 billion arrangement agreement with Pembina Pipeline Corporation Veresen Inc. in its $9.7 billion arrangement agreement with Pembina Pipeline Corporation

Veresen Inc.
Team
Kelsey Armstrong

Partner, Corporate, Calgary

 

On October 1, 2017, Veresen Inc. completed its arrangement agreement with Pembina Pipeline Corporation valued at $9.7 billion. The combination created one of the largest energy infrastructure companies in Canada with a pro-forma enterprise value of approximately $33 billion.

Veresen Inc. is a Calgary, Alberta-based energy infrastructure company with three main lines of business: Pipelines, Natural Gas and Power Generation.

Pembina Pipeline is a transportation, midstream and gas service provider that has been serving North America's energy industry for over 60 years.

Osler, Hoskin & Harcourt represented Veresen on the transaction, led by Noralee Bradley and Robert A. Lehodey, Q.C., with a team that included Kelsey Armstrong and Miju Damodar (Corporate), Ted Thiessen, Paul Seraganian, Corrine Grigoriu and Ramin Wright (Tax), Peter Glossop and Jaime Auron (Competition), and Jeremy Barretto (Regulatory).

Value
$9.7 billion
Date Closed
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Lead Office
Calgary
Team
Kelsey Armstrong

Partner, Corporate, Calgary