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Athabasca Indigenous Investments (Aii)

Company Summary

Description

Athabasca Indigenous Investments is a newly created limited partnership of 23 diverse Treaty 6 and Treaty 8 First Nations and Métis communities located in northern Alberta, that will steward the communities' investment in seven Enbridge-operated pipelines. Participating communities include

Website

https://c212.net/c/link/?t=0&l=en&o=3660838-1&h=34...

Recent news

  • 9/28/2022 - Enbridge Selling 11.57%... (subscriber access)

Company Transactions

Date: 9/28/2022
Type: Acquisition

BUYERS:
  • Athabasca Indigenous Investments (Aii)
    • SELLERS:
  • Enbridge Inc.
    • DETAILS:

    COST: 1.12 $B

    NOTES:
    Enbridge has signed a deal with 23 First Nation and Métis communities to sell them an 11.57% non-operating interest in seven Enbridge-operated pipelines in the Athabasca Region of Alberta for $1.12 billion. The stake will be held by Athabasca Indigenous Investments (Aii), and this deal is the "largest energy-related Indigenous economic partnership transaction in North America to date." The stake includes a position in the following assets: Athabasca, Wood Buffalo/Athabasca Twin and associated tanks; Norlite Diluent; Waupisoo; Wood Buffalo; Woodland; and the Woodland extension. The deal should close in October 2022.
    REGIONS:
  • Canada