One-Page Deal Sheet
Petronas Buys Progress for C$5.5 Billion
Petronas Progress Energy Resources Corp
Announced Date
June 08,2012
Close Date
December 12,2012
Transaction Type
Corporate
Enterprise Value (EV)($MM)
5500
Asset/Basin:
{Montney}
TargetZones:
{"Montney Shale"}
Transaction Details: Subscribe to see
PETRONAS, the Malaysian national oil and gas company, and Progress Energy Resources Corp. today announced that PETRONAS’ Canadian subsidiary, PETRONAS Carigali Canada Ltd, and Progress have entered into an agreement for the purchase by PETRONAS Canada of all of Progress’ outstanding common shares at a cash price of C$20.45 per share. Including the amount to be paid for Progress’ outstanding convertible debentures, the transaction is valued at approximately C$5.5 billion.
The transaction is to be completed by way of an arrangement under the Business Corporations Act (Alberta).
Highlights
Cash…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Nov-06-2024 |
-  |
- |
Click here | Alberta | E&P |
| Aug-22-2022 |
- |
- |
Click here | British Columbia | E&P |
| Aug-01-2022 |
- |
- |
Click here | Alberta | E&P |
| Jun-29-2022 |
- |
- |
Click here | Alberta | E&P |
| Dec-15-2021 |
- |
- |
Click here | E&P |
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