UPDATE 1-Williams attracts at least 7 bidders for Canadian unit -sources

Thu Jul 14, 2016 3:33pm EDT
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* Sale could fetch $1 billion-$2 billion -sources

* Bidders include Enbridge, Pembina, CPPIB

* Williams shares rise after Reuters report (Adds share price reaction)

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 pay 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.   Continued...