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Energy Transfer Executes Definitive Agreement to Sell Interest in Energy Transfer Canada

ENERGY TRANSFER EXECUTES DEFINITIVE AGREEMENT TO SELL ITS INTEREST IN ENERGY TRANSFER CANADA BACKGROUND IMAGE

Vinson & Elkins advised Energy Transfer LP on its execution of a definitive agreement to sell its 51 percent interest in Energy Transfer Canada ULC to a joint venture which includes participation by Pembina Pipeline Corporation and global infrastructure funds managed by KKR at a valuation of approximately C$1.6 billion (US$1.3 billion), including debt and preferred equity.

The V&E corporate team was led by partner Lande Spottswood and associates Carli Gish and Warner Scott. Other key team members include partners Gary Huffman, Ryan Carney and Natan Leyva, senior associate Peter Rogers and associate Keleigh Carver; partner David D’Alessandro, counsel Heather Johnson, senior associate Missy Spohn and associate Keira Kuntz; partner Tom Wilson; partner Craig Zieminski; partner Darren Tucker and counsel David Smith; and counsel Rajesh Patel.

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