Enbridge $3.61 billion acquisition of Enbridge Income Fund Holdings

18/9/2018
Public acquisition

C$ 4.7 billion

Announced

18/9/2018


Overview:

  • Enbridge, the Canadian oil and gas pipeline operator, has reached a deal with Enbridge Income Fund Holdings to acquire all of the public shares of the fund in a transaction valued at $3.61 billion.
  • The Enbridge Income Fund owns interests in high quality liquids and gas pipeline systems controlled by Enbridge, including the Canadian Mainline Pipeline System.
  • Scotiabank and Bank of America Merrill Lynch acted as financial advisors to Enbridge, while Tudor Pickering Holt & Co acted as financial advisor to the ENF Special Committee.
  • The deal is subject to approval by ENF shareholders and is expected to close in mid-November 2018.

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