Sale of Encana energy assets to CPPIB pushed to next year

The close of Encana Corp's sale of its Denver Julesberg Basin oil and gas assets in Colorado to an investment vehicle led by Canada Pension Plan Investment Board (CPPIB) has been moved to the second quarter of 2016. The previously announced deal, valued at US$900 million, was originally scheduled to wrap up before the end of this year. CPPIB's partner in the transaction is The Broe Group.

DealsCanadaNorth AmericaBriefs