One-Page Deal Sheet
Cenovus to Buy Rail Facility from Canexus
Cenovus Energy Inc. Canexus Corp.
Announced Date
June 04,2015
Close Date
August 31,2015
Transaction Type
Asset
Location
Region
North America,Canada
Country
Canada
Transaction Details: Subscribe to see
Closing Announcement - August 31, 2015
Cenovus Energy Inc. has closed its previously announced purchase of Canexus Corporation's North American Terminal Operations (NATO), a crude-by-rail trans-loading facility in central Alberta.
The acquisition is part of Cenovus's strategy to build a strong portfolio of transportation options to help maximize market access and capture global prices for its oil.
The company has also announced it has contracted Savage to work with Cenovus's on-site management team in the day-to-day operations of the renamed Bruderheim Energy Terminal. Savage is a leading…
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