Fortis Bank S.A./N.V. announced on June 28, 2006 that it entered into a definitive agreement to purchase Cinergy Marketing & Trading L.P. and Cinergy Canada, Inc. (together Cinergy) for US$415 million. Cinergy is Duke Energy's energy trading operation, with offices in Houston and Calgary.
Stikeman Elliott LLP represented Fortis in Canada with a team that included Peter Hamilton, Lisa McDowell, Aaron Fransen, Kevin Kelly, Trevor McGowan, Lorna Cuthbert, Andrea Boctor and Debbie Salzberger. Fortis was represented in the United States by Mayer, Brown, Rowe & Maw LLP with a team led by David Ronn, Marc Folladori and Jon Scott.
Cinergy was represented in Canada by Osler, Hoskin & Harcourt LLP with a team led by John Jason, with Don MacDiarmid and in the United States by Vinson & Elkins LLP.