CALGARY, ALBERTA--(CCNMatthews - Sept. 29, 2005) - Inter Pipeline
Fund (TSX:IPL.UN) ("Inter Pipeline") announced today that it has
entered into an agreement to acquire Simon Storage Ltd. ("Simon"),
the largest independent petroleum and petrochemical storage business
in the United Kingdom. The transaction will involve the purchase of
all outstanding share capital in Simon Storage Holdings Ltd., the
privately held parent of Simon, for a cash consideration of 120
million Great Britain Pounds ("GBP"), or approximately $250 million
Canadian, subject to closing adjustments. The acquisition is expected
to close on or about October 4, 2005 subject to certain closing
conditions. Funding for the …
