Cenovus Energy Completes Acquisition of MEG Energy
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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.
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