TotalEnergies to acquire an additional 6.65% stake in Fort Hills Energy from Teck Resources for $233m.

TotalEnergies, a multinational integrated energy and petroleum company, agreed to acquire an additional 6.65% stake in Fort Hills Energy, an oil and gas company, from Teck Resources, a diversified natural resources company, for $233m. “By seizing this opportunity to grow its business under attractive conditions, TotalEnergies Canada will deliver value to the future shareholders of the spin-off entity”, Jean-Pierre Sbraire, TotalEnergies CFO.