Cenovus to sell royalty portfolio to Ontario Teachers for $3.3 bln: Reuters
Cenovus Energy Inc, Canada's second-largest independent oil producer, said on Tuesday it has agreed to sell its portfolio of oil and gas royalty properties to Ontario Teachers' Pension Plan for about $3.3 billion. As Reuters first reported this month, the decision to sell the unit, Heritage Royalty Ltd, to Teachers' Natural Resources Group was made after exploring several options including an initial public offering.
30 June 2015•2 mins read
