Announced
Viston United Swiss-backed 2869889 Ontario failed to acquire Petroteq Energy for $386m.
Financials
Transaction Value£292m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium279.5%
One Off Charge-
Tags
Friendly
Cross Border
oil extraction
Majority
Single Bidder
Acquisition
United States
Public
Oil Equipment and Services
Failed
Synopsis
Viston United Swiss-backed 2869889 Ontario failed to acquire Petroteq Energy, a company that economically produces oil, for $386m. On August 29, 2022, Viston United Swiss-backed 2869889 Ontario to withdraw its offer.
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