Corrected: Cenovus to buy Athabasca Oil in C$5.7 billion cash-and-stock deal
05/10/2026 11:04
CORRECTED-Cenovus to buy Athabasca Oil in C$5.7 billion cash-and-stock deal Corrects currency of enterprise value to Canadian dollars in headline and paragraph 1
Oct 5 (Reuters) - Cenovus Energy CVE.TO said on Monday it would acquire Athabasca Oil in a cash-and-stock transaction valuing the Canadian oil producer at an implied enterprise value of C$5.7 billion ($4.00 billion).
($1 = 1.4245 Canadian dollars)
(Reporting by Pranav Mathur in Bengaluru; Editing by Shreya Biswas)
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