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Client Work

Acquisition by Alberta Co-ops of retail gas assets

Fasken
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Overview

Client

Confidential Clients

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

Team

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