Cenovus acquires Gear Energy for $110 million

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5 Feb 2025

On February 5, 2025, Cenovus Energy Inc., an integrated oil company headquartered in Calgary, Alberta, completed the acquisition of Gear Energy Ltd. for $110 million.

Burnet, Duckworth & Palmer LLP acted as legal advisor to Gear Energy Ltd., with ATB Securities Inc. as financial advisor.

McCarthy Tétrault advised Cenovus Energy Inc. with a team led by John Piasta that included Michael Bennett, Ashley Wilson, Jonathan Brisebois, Conrad Parken, Tyson Jackson (Corporate); Tom McInerney, Robyn Finley, Derek Baker, Stephan Possin (Energy); Daphne Rodzinyak (Environmental); Matthew Kraemer, Erica Hennessey, Daniel Downie (Tax); John Gilmore (Labour and Employment); Jason Gudofsky, Gideon Kwinter, Lucinda Chitapain (Competition).

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Cenovus Energy Inc.

Law Firm / Organization

McCarthy Tétrault LLP

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