McCarthy Tétrault acted for TransCanada PipeLines Limited (TransCanada) with respect to the sale of all of its Dutch North Sea natural gas production, gathering and transportation facilities. This transaction closed on August 30, 2000 and its estimated value is C$521M.
On August 30, 2000, TransCanada sold all of its Dutch North Sea assets to GDF International SA (GDF), a wholly-owned subsidiary of Gaz de France for Euro 371 million (approximately C$501 million). The sale to GDF was structured by way of the sale of all of the outstanding shares of two TransCanada subsidiaries; TransCanada International (Europe) Ltd. (TCIE) and TransCanada International Petroleum (UK) Ltd. (TCIP). These companies indirectly control TransCanada’s various interests in seven offshore natural gas production licenses and its 38.5 per cent interest in both an offshore natural gas pipeline system and natural gas treatment plant in the Dutch sector of the North Sea. Production from the natural gas wells owned by TransCanada in the Dutch sector of the North Sea amounts to approximately 2.6 million cubic metres (92 million cubic feet) per day net to TransCanada.
The McCarthy Tétrault team was comprised of John Mackay, Lloyd Symons, Robert Brant and Mary Abbott. In-house counsel involved in the transaction included Robert M. Jensen and Mary Pollock of TransCanada Pipelines Limited. Dutch counsel retained for the transaction were Jos A.M. Bos and Martijn van Gils of Trenité Van Doorne. Ian Andrews and Andrew Jones of Linklaters & Alliance (London) were on the opposing side.
On August 30, 2000, TransCanada sold all of its Dutch North Sea assets to GDF International SA (GDF), a wholly-owned subsidiary of Gaz de France for Euro 371 million (approximately C$501 million). The sale to GDF was structured by way of the sale of all of the outstanding shares of two TransCanada subsidiaries; TransCanada International (Europe) Ltd. (TCIE) and TransCanada International Petroleum (UK) Ltd. (TCIP). These companies indirectly control TransCanada’s various interests in seven offshore natural gas production licenses and its 38.5 per cent interest in both an offshore natural gas pipeline system and natural gas treatment plant in the Dutch sector of the North Sea. Production from the natural gas wells owned by TransCanada in the Dutch sector of the North Sea amounts to approximately 2.6 million cubic metres (92 million cubic feet) per day net to TransCanada.
The McCarthy Tétrault team was comprised of John Mackay, Lloyd Symons, Robert Brant and Mary Abbott. In-house counsel involved in the transaction included Robert M. Jensen and Mary Pollock of TransCanada Pipelines Limited. Dutch counsel retained for the transaction were Jos A.M. Bos and Martijn van Gils of Trenité Van Doorne. Ian Andrews and Andrew Jones of Linklaters & Alliance (London) were on the opposing side.
Lawyer(s)
John MacKay
Mary Abbott
Ian Andrews
Robert J. Brant
Andrew Jones
Lloyd E. Symons
Firm(s)
McCarthy Tétrault LLP
Linklaters LLP