News: Cenovus selling Heritage Royalty $CVE

Cenovus Energy Inc., has announced sales of its subsiduary named Heritage Royalty Limited Partnership., to Ontario Teachers’ Pension Plan.

The Cost of the Deal was gross cash proceeds of approximately $3.3 billion.

Cenovus’s decision to sell HRP to Teachers’ is the outcome of a rigorous marketing process that attracted significant interest.

View the full release here.