TotalEnergies buying extra stake in Fort Hills from Teck Resources for around $234 MM (2)
1/27/2023
(Reuters) - France's TotalEnergies said on Friday it would buy an extra 6.65% stake in the Fort Hills Energy Limited Partnership and associated sales and logistics agreements from Teck Resources for 312 MM Canadian Dollars ($234 MM).
The deal will result in TotalEnergies owning a 31.23% stake in Fort Hills Energy Limited Partnership.
($1 = 1.3340 Canadian dollars) (Reporting by Sudip Kar-Gupta Editing by Mark Potter)
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