Paramount gets OK for $1.9 bln asset sale to Seven Generations
Paramount Resources Ltd (TSX: POU) has received shareholder and regulatory approvals for its previously announced sale of Alberta-based oil and gas properties to Seven Generations Energy Ltd (TSX: VII). The deal, valued at $1.9 billion, is expected to close this week. Calgary-based Seven Generations is focused on the acquisition and development of tight-rock, natural gas resource plays. It is a portfolio company of Canada Pension Plan Investment Board.
15 August 2016•2 mins read
