Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

M.11755 - ENBRIDGBE / MPLX / ISQ / DBR

SECTION 4

Description of the concentration

This notification concerns the following undertakings:

(a) Enbridge Inc. (Canada, “Enbridge”). Enbridge is not controlled by any person or entity.

(b) MarkWest Agua Blanca Pipeline, L.L.C. (United States, “MPLX”), a wholly owned indirect subsidiary of MPLX LP, which is controlled by Marathon Petroleum Corporation (“MPC”).

(c) I Squared Capital Advisors (US), LLC (United States, “ISQ”), wholly-owned and controlled by I Squared Capital, LLC.

(d) Delaware Basin Residue, LLC (United States, “DBR”), which will be jointly controlled by Enbridge, MPLX, and ISQ.

Enbridge, through its indirectly wholly owned subsidiary Enbridge Holdings (Lightning), LLC, MPLX, and ISQ, through its controlled subsidiary WhiteWater DBR Bidco, LLC, will acquire joint control of DBR within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation. The proposed transaction will be accomplished by the execution of agreements establishing DBR as a joint venture amongst the parties, which will develop, own and operate certain natural gas pipelines and storage assets located in Texas and New Mexico (United States).

The business activities of the undertakings concerned are:

(a) Enbridge: energy infrastructure company, primarily active in transportation, storage and distribution of crude oil and natural gas in North America. Enbridge is also active in renewable energies in North America and Europe.

(b) MPLX: a wholly owned indirect subsidiary of MPLX LP, which in turn is a United States based diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services.

(c) ISQ: private equity firm focusing on energy, utilities, telecom, healthcare and transport in North America, Europe and other world economies.

Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111

DBR: DBR owns certain natural gas pipelines and other assets located in Texas (United States) and New Mexico (United States). DBR is active in the markets for natural gas transmission and storage in the United States.

Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111