Announced
Completed
Financials
Tags
General Mining
Canada
Acquisition
Friendly
Single Bidder
Domestic
sand mines
Private
Minority
Completed
Synopsis
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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