EdperBrascan Sells Canadian Hunter Interest

EdperBrascan Corporation completed on April 10, 2000 the sale of its 39 per cent interest in Canadian Hunter to a syndicate of underwriters lead by CIBC World Markets for $619 million. The offering was the largest of any oil and gas producer since Ottawa sold off a part of Petro Canada in 1995 for $1.8 billion and Sun Company’s $1.2 billion offering of its Suncor Inc. shares.

EdperBrascan was represented by a team of lawyers from Torys that included Philip Brown and Amanda Chester. Acting for CIBC World Markets was a team of lawyers from McCarthy Tétrault which was led by Bruce MacPhail and which included Michael Bennett and Lyle Yuzdepski. Bennett Jones acted for Canadian Hunter with a team led by Robert Lehodey which included Timothy Robson and Denis Rajotte.