Deal Snapshot
Crescent Point Closes Acquisition of Kaybob Duvernay Assets
Wednesday 07 April 2021

Canada-based Crescent Point Energy Corp. (TSX: CPG) (NYSE: CPG) has closed the acquisition of assets of Alberta-based Shell Kaybob Duvernay from Shell Canada Energy in a deal valued at USD 900m, the company said.

The acquisition will be funded through a combination of USD 700m in cash, accessed through the company's credit facility, and 50m Crescent Point common shares. Upon closing, Shell will own approximately 8.6% of the outstanding Crescent Point common shares.

Date Published: 07/04/2021