ENB has announced the acquisition of Spectra Energy Corp (SE-N, not covered) for a transaction value of US$48 billion (C$61 billion). At closing, this will make ENB the largest energy infrastructure company in North America. We view the deal positively and would be buyers of the stock as we believe the strategic rationale for the transaction is strong, but that it will take a number of years for integration due to the size and scope of the transaction. We estimate that EBIT from Gas Pipelines
07 Sep 2016
Enbridge Inc. (ENB) and Spectra Energy to Combine and Create $163 bn EV Infrastructure Company
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Enbridge Inc. (ENB) and Spectra Energy to Combine and Create $163 bn EV Infrastructure Company
Enbridge Inc. (0KTI:LON) | 0 0 0.9% | Mkt Cap: 73,275m
- Published:
07 Sep 2016 -
Author:
Ian B. Gillies -
Pages:
8
ENB has announced the acquisition of Spectra Energy Corp (SE-N, not covered) for a transaction value of US$48 billion (C$61 billion). At closing, this will make ENB the largest energy infrastructure company in North America. We view the deal positively and would be buyers of the stock as we believe the strategic rationale for the transaction is strong, but that it will take a number of years for integration due to the size and scope of the transaction. We estimate that EBIT from Gas Pipelines