Vermilion Energy Inc. acquires Westbrick Energy Ltd. for $1.075 billion

Type: Acquisition · Technology: Oil Gas · Country: Canada · Value: $1.08B · Announced: 2024-12-23

Vermilion Energy Inc. entered into an arrangement agreement to acquire all issued and outstanding shares of Westbrick Energy Ltd. for total consideration of $1.075 billion, adding ~50,000 boe/d production and ~1.1 million acres in Alberta's Deep Basin; the deal is expected to close in Q1 2025.

Counterparties

• Westbrick Energy Ltd (Seller)
• Vermilion Energy Inc (Buyer)
• TD Securities Inc (Lender)
• Royal Bank of Canada (Lender)

Source article

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