Riverstone ups size of interest in Canadian International Oil
U.S. energy-focused private equity firm Riverstone Holdings has increased its ownership interest in Canadian International Oil Corp. This occurred as a result of Riverstone's participation in a secondary sale of shares sold by a group of the company's existing institutional investors. The value of the transaction was undisclosed. In March, Riverstone made a $200 million commitment to Canadian International Oil's property development program. Founded in 2010, the Calgary-based company has operations in the Alberta Deep Basin, where it is developing a multi-zone, liquids rich gas and oil play.
19 June 2014•2 mins read
