On September 13, 2022, Federated Co-operatives Limited (“FCL”) completed an acquisition of retail gas assets (the “Assets”) from Cenovus Energy Inc. Immediately following the completion of this acquisition, FCL sold a certain portion of the Assets to ten Alberta Co-ops, in separate on-sale transactions. On March 6, 2023, an eleventh Alberta Co-op completed the acquisition of a portion of the Assets from FCL.
Fasken advised the Alberta Co-ops with a team led by Brendan Sawatsky and including Holly Barker, Shyla Halseth, Maddie Canuel (articling student) (M&A), Larissa Svekla, Alina Lakhani (Real Estate) and Andrew Burt (Banking).
Jurisdiction
- Alberta
