Enbridge and Circuit Technology complete C$52 million sale of NetThrutPut to TMX Group
Date Closed
May 1, 2009
Lead Office
Calgary
Value
52.00 Million CAD
On May 1, 2009, Enbridge Inc. and Circuit Technology Limited completed the sale of NetThruPut Inc. ("NTP") to TMX Group Inc. The final purchase price was approximately C$52.2 million, which was comprised of approximately C$22.6 million in cash and the issuance of approximately 880,000 TMX Group common shares.
NTP is a leading Canadian electronic platform and clearing facility for physical crude oil products.
McCarthy Tétrault LLP represented the vendors, with a team led by Crispin Arthur.