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New Deal


Announced

Completed

Suncor Energy completed the acquisition of a 21.3% stake in Fort Hills Energy from Teck Resources for $1bn.

Financials

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Transaction Value£865m
Consideration TypeCash
Capital Owned21%
Capital Bid For21%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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General Mining

Canada

Acquisition

Friendly

Single Bidder

Domestic

sand mines

Private

Minority

Completed

Synopsis

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Suncor Energy, an integrated energy company, completed the acquisition of a 21.3% stake in Fort Hills Energy, a sand mining company, from Teck Resources, a diversified natural resources company, for $1bn. "This transaction advances our strategy of pursuing industry leading copper growth and rebalancing our portfolio of high-quality assets to low carbon metals,” Jonathan Price, Teck Resources CEO.

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