Cenovus Energy Completes Acquisition of MEG Energy
Cenovus Energy Inc. has completed its acquisition of MEG Energy Corp., enhancing its portfolio of oil sands assets. The deal involved $752 million in cash for 25 million MEG shares, $3.44 billion in cash to remaining MEG shareholders, and 143.9 million Cenovus common shares issued to MEG shareholders. Cenovus also assumed $800 million in net debt. The original content was published by Cenovus Energy Inc. via GlobeNewswire on November 13, 2025.
Cenovus Energy Inc. has completed its acquisition of MEG Energy Corp., strengthening its portfolio of long-life, low-cost oil sands assets with operations adjacent to its Christina Lake asset. The deal included $752 million in cash for 25 million MEG shares acquired through open market transactions, $3.44 billion in cash paid to remaining MEG shareholders, and the issuance of 143.9 million Cenovus common shares to MEG shareholders. Cenovus also assumed approximately $800 million in net debt as part of the transaction. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cenovus Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9575260-en) on November 13, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
