International Companies

Canada's Cenovus Energy to buy Athabasca Oil in $5.7bn deal

By Michele Maatouk

Date: Monday 05 Oct 2026

(Sharecast News) - Canada's Cenovus Energy said on Monday that it has agreed to buy Athabasca Oil in a $5.7bn cash and stock deal.
Under the terms of the agreement, which is expected to close in December, Cenovus will pay $12.00 per share.

Cenovus said Athabasca was a "clear strategic...

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