Stonlasec8 Indigenous Holdings Limited Partnership agreed to acquire 12.50% stake in Westcoast Natural Gas Pipeline System of Enbridge Inc. (TSX:ENB) for approximately CAD 720 million on May 15, 2025. Stonlasec8 has also reached an agreement with Canada Indigenous Loan Guarantee Corporation (CILGC), a subsidiary of Canada Development Investment Corporation (CDEV), on a CAD 400 million loan guarantee to support the transaction. The agreement is subject to completion of required financing, closing conditions and customary closing adjustments. The transaction is expected to close at the end of the second quarter of 2025.

TD Securities Inc. is acting as financial advisor to Stonlasec8, Boughton Law Corporation as legal counsel, and MNP LLP as tax and business advisor. RBC Capital Markets Inc. acted as financial advisor to Enbridge Inc. (TSX:ENB).