CK Hutchison climbs as Cenovus strikes deal to buy Athabasca Oil

Athabasca Oil

06/10/2026 04:17

** Shares of CK Hutchison 0001.HK climb 1.1% to HK$68.15, their biggest intraday pct gain since September 9 
** CK Hutchison-backed Cenovus Energy CVE.TO said on Monday it would buy Athabasca Oil ATH.TO in a C$5.7 billion ($4 billion) cash-and-stock deal, cementing its position as one of Canada's largest oil sands producers at a time the country is aiming to boost crude output
** YTD, CK Hutchison shares up 27.4%, benchmark Hang Seng Index .HSI down 5.4%




 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))