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In 1986, Hong Kong-based Li Ka-shing acquired 43% of Husky, and in 1991 he purchased NOVA's remaining interests, expanding his stake to 95%. [10] In 1998, Husky purchased Mohawk Oil, the largest independent chain of consumer filling stations in Western Canada. [11] In 2000, the company acquired Renaissance Energy, controlled by Li Ka-shing. [12]
Concho Resources Inc <CXO.N> agreed this month to a takeover by ConocoPhillips <COP.N> for $9.7 billion. The collapse in fuel demand during pandemic lockdowns has put additional pressure on ...
Cenovus Energy Inc. agreed on Aug. 8 to purchase the remaining stake in the BP-Husky Toledo Refinery located in Ohio for $300 million in cash. The Canadian company has owned 50% of the refinery ...
The Boards of Directors of Cenovus and Husky unanimously approved the transaction, which is expected to close in the first quarter of 2021.
Husky was acquired by Cenovus in 2021, and Li owns 27.2% of the newly merged company. In January 2005, Li announced plans to sell his CA$1.2 billion stake in the Canadian Imperial Bank of Commerce , with all proceeds going to private charitable foundations established by Li, including the Li Ka Shing Foundation in Hong Kong and the Li Ka Shing ...
Cenovus was formed in 2009 when Encana Corporation split into two distinct companies, [4] with Cenovus becoming focused on oil sands assets.. In 2017, Cenovus purchased ConocoPhillips' 50 percent share of their Foster Creek Christina Lake (FCCL) oil sands projects and most of their conventional assets in Alberta and British Columbia, including the Deep Basin.
Husky Energy shares were up 6.3% at C$3.37. As of Friday's close, the deal valued Husky at C$3.83 per share, nearly 21% above its closing price that day. The deal is the largest merger in the ...
The Cenovus Lloydminster Refinery is an asphalt refinery located in the city of Lloydminster, Alberta, Canada owned by Husky Energy.The refinery provides oil products, primarily 30 different grades of asphalt (2120 m³/day ), as well as light distillate, kerosene distillate, atmospheric gas oil, light vacuum gas oil (VGO), and heavy vacuum gas oil.