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New Deal


Announced

Completed

Equinor completed the acquisition of Suncor Energy UK for $850m.

Financials

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Transaction Value£706m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Integrated Oil and Gas

Acquisition

Domestic

Single Bidder

Friendly

oil and gas

Majority

Private

United Kingdom

Completed

Synopsis

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Equinor, an energy company, completed the acquisition of Suncor Energy UK, an oil and gas production firm for $850m. “This transaction is in line with Equinor’s strategy of optimizing our oil & gas portfolio and deepening in our core countries. We are building on our longstanding position as a broad energy partner to the UK, strengthening our position as a reliable energy provider in Europe, while continuing to deliveron our ambition of becoming a net-zero company,” Philippe Mathieu, Equinor Executive Vice President.

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