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Cenovus to buy Husky Energy in $23.6 billion deal

Christian Fernsby ▼ | October 26, 2020
Cenovus Energy will buy Husky Energy in an all stock transaction valued at $23.6 billion, the Calgary based companies said Sunday in a joint announcement.
Husky Energy   Cenovus
The merged Cenovus Energy Inc. will remain headquartered in Alberta.

Topics: Cenovus Husky

Cenovus CEO Alex Pourbaix will head the combined company, with Husky chief financial officer Jeff Hart taking on that role at the new entity.

“We will be a leaner, stronger and more integrated company, exceptionally well-suited to weather the current environment and be a strong Canadian energy leader in the years ahead,” Pourbaix said in the statement."