Final hours! Save up to 50% OFF InvestingProCLAIM SALE

BRIEF-Canada Pension Plan Investment Board, Vermilion Energy enters into partnership in Corrib

Published 2017-07-12, 07:32 a/m
© Reuters.  BRIEF-Canada Pension Plan Investment Board, Vermilion Energy enters into partnership in Corrib
NG
-
VET
-

July 12 (Reuters) - Vermilion Energy Inc VET.TO -

* Canada Pension Plan Investment Board and Vermilion Energy Inc. announce strategic partnership in Corrib

* Vermilion Energy Inc - deal for total cash consideration of eur 830 million

* Vermilion Energy Inc - following transfer to vermilion, cppib would hold a 43.5% non-operated interest

* Vermilion Energy Inc says vermilion expects acquisition to be accretive for all pertinent per share metrics including production

* Vermilion Energy Inc - following transfer to vermilion, vermilion would hold a 20% operated interest in corrib

* Vermilion Energy Inc - following transfer to vermilion, statoil asa would continue to hold a 36.5 percent non-operated interest in corrib

* Vermilion Energy Inc says acquisition would significantly increase vermilion's degree of operating control of its asset base

* Vermilion Energy Inc - cppib will acquire shell exploration company b.v.'s 45% interest in corrib natural gas field in ireland

* vermilion-following assumption of operatorship of corrib, co estimates that it will operate 87 percent of its production base as compared to 72 percent currently

* Vermilion Energy Inc - vermilion will operate corrib natural gas field assets after completion of acquisition Source text for Eikon: ID:nCNWzxrdRa Further company coverage: VET.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.