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BRIEF-Husky Energy Announces Agreement To Sell Prince George Refinery

Published 2019-10-04, 09:15 a/m
HSE
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Oct 4 (Reuters) - Husky Energy Inc HSE.TO :

* HUSKY ENERGY ANNOUNCES AGREEMENT TO SELL PRINCE GEORGE REFINERY

* HUSKY ENERGY INC - DEAL FOR $215 MILLION IN CASH PLUS A CLOSING ADJUSTMENT FOR INVENTORY

* HUSKY ENERGY INC - STRATEGIC REVIEW OF HUSKY'S RETAIL AND COMMERCIAL FUELS BUSINESS CONTINUES TO PROGRESS

* HUSKY ENERGY INC - DEAL INCLUDES CONTINGENT PAYMENT OF UP TO $60 MILLION OVER TWO YEARS

* HUSKY ENERGY INC - TIDEWATER IS RETAINING ALL REFINERY STAFF

* HUSKY ENERGY INC - HAS REACHED AN AGREEMENT FOR SALE OF ITS PRINCE GEORGE REFINERY TO TIDEWATER MIDSTREAM AND INFRASTRUCTURE

* HUSKY ENERGY - AS PART OF SALE, HUSKY WILL ENTER INTO A FIVE-YEAR OFFTAKE AGREEMENT WITH TIDEWATER FOR REFINED PRODUCTS FROM PRINCE GEORGE REFINERY

* HUSKY ENERGY INC - PROCEEDS OF SALE WILL BE USED IN ACCORDANCE WITH HUSKY'S FUNDING PRIORITIES

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