Shell Canada Sells Thermoshell Business

On October 31, 2006, Shell Canada Products, an affiliate of Shell Canada Limited, completed the sale of its Thermoshell residential, commercial and agricultural heating fuel and other light oils business in Ontario, Nova Scotia, New Brunswick and Prince Edward Island to Bluewave Energy Inc. The business will be operated in those provinces by Bluewave Energy Limited Partnership. The Shell Canada Products legal team on this transaction was led by Shell's in-house legal counsel, Lesley Lawrence.

Also on October 31, 2006, Shell Canada Products completed the sale of its Thermoshell residential, commercial and agricultural heating fuel and other light oils business in Quebec to Chauffage P. Gosselin Inc. The Shell Canada Products legal team on this transaction was led by Shell's in-house legal counsel, Ladan Nassiry.

Bluewave Energy Inc. was represented by Harris+Harris LLP with a team that included Greg Harris, Derek Yu and Marc Little (corporate) and Mark Swartz (real estate). Birch Hill Equity Partners Management Inc., an investor in Bluewave Energy Limited Partnership, was represented by Goodmans LLP with a team that included Lawrence Chernin, Michael Partridge, John Connon, Cristina Alaimo and Kirk Rauliuk (corporate) and David Nadler, Rosella Santilli and Karen Paguandas (financial services). Scotiabank, which provided financing on the Bluewave transaction, was represented by Cassels Brock & Blackwell LLP with a team that included Bruce McNeely and Colin Ground (corporate).

Chauffage P. Gosselin Inc. was represented by Ogilvy Renault LLP with a team that included Anne-Marie Naud, Pierre Déry (corporate), Louis Roy (real estate), Jean Piette (environmental) and Sylvain Chabot (labour and employment). Bank of Montreal, which provided financing to Chauffage P. Gosselin Inc., was represented by Lavery, de Billy LLP with a team that included Jacques Gingras and Anne-Julie Lapointe (corporate), Daniel Bouchard (environmental) and Philippe Cantin (insurance).

Shell was assisted on both transactions by Blake, Cassels & Graydon LLP with a multi-office team that included Ron Deyholos, Leigh Peters, Graham Smith, David Kruse and Paul Singh (corporate); Brian Facey, Julie Soloway and Angie Morris (competition); Silvana D'Alimonte (real estate); Jonathan Kahn (environmental); Chris Van Loan (tax); Connie Reeve (labour and employment); Michael Bantey, Tricia Kuhl and Clémentine Sallée (corporate); Jean Gagnon (tax); Daniel Ferreira (real estate) and Natalie Bussière (labour and employment).