Teine Energy Ltd. (Chauvin Infrastructure Assets)
private/Gibson Energy Inc.TSX: GEIGibson Energy closes $400M Chauvin Infrastructure acquisition
Key takeaways
- Expected close: May 1, 2026.
Deal value
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cash
Per-share offer
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$400 million in cash
Premium
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Days to close
77d overdue
May 1, 2026
Term fee
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Spread Calculator
Manual price entry · saved per ticker
Announced
May 1, 2026
Preliminary Proxy
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Definitive Proxy
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Record date
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Shareholder vote
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Expected close
May 1, 2026
No shareholder vote required for this transaction.
Regulatory approvals
- ✓Financing· No financing condition
No competing-bidder, activist, or dissident-proxy signals in the database for this target.
No advisor data on record for this deal.
- May 1, 2026
Gibson Energy closes $400M Chauvin Infrastructure acquisition
- May 1, 2026this filing
Gibson Energy closes $400M Chauvin Infrastructure acquisition
| Date | Form | Section | Headline | Status |
|---|---|---|---|---|
| May 1, 2026 | — | definitive | Gibson Energy closes $400M Chauvin Infrastructure acquisition | closed |
Gibson Energy Inc. has completed its acquisition of Teine Energy Ltd.'s Chauvin Infrastructure Assets for $400 million CAD, a crude oil gathering pipeline system connecting Chauvin to the Hardisty oil hub. The transaction is underpinned by long-term take-or-pay and area-of-dedication agreements with Teine Energy, and was funded through net proceeds from a $215 million equity offering and credit facility drawings. Concurrent with closing, Gibson sanctioned the Hardisty Connection growth project to directly connect the acquired assets to Gibson's core terminal, with capacity expansion planned by end of 2026.