Williams attracts at least 7 bidders for Canadian unit -sources
* Sale could fetch $1 billion-$2 billion -sources
* Bidders include Enbridge, Pembina, CPPIB
By John Tilak
TORONTO, July 14 (Reuters) - Williams Cos Inc's Canadian unit has attracted at least seven bidders, including Enbridge Inc and Pembina Pipeline Corp, that could bring the U.S. pipeline company up to $2 billion, people familiar with the situation said.
Tulsa, Oklahoma-based Williams, whose deal with Energy Transfer Equity fell through last month, is working with Barclays Plc and Toronto Dominion Bank on the sale, the sources said.
Interest has come from pipeline companies Enbridge, Pembina, Keyera Corp and Inter Pipeline Ltd, said the sources, who spoke on condition of anonymity because the process is private.
Pension funds including the Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan and the Ontario Municipal Employees Retirement System, as well as U.S. companies, also expressed interest, the sources said.
Enbridge, Pembina, Keyera, Inter Pipeline, CPPIB and TD Securities declined to comment. Williams, Teachers, OMERS and Barclays did not respond to requests for comment.
The Canadian unit could fetch more than $1 billion and as much as $2 billion, the sources said. The sale process for Williams Canada is at an advanced stage, and a deal could result by the end of the month, they said. Continued...