Canadian firm Gran Tierra Energy offers £174.1m to acquire i3 Energy, aiming to form a larger Americas-focused energy company.
Canadian oil and gas company Gran Tierra Energy is making a £174.1 million ($226 million) takeover offer to acquire British firm i3 Energy. The deal aims to create an independent energy company of scale in the Americas, with increased production, reserves, cash flows, and development options in Canada, Colombia, and Ecuador. Following the acquisition, i3 Energy shareholders are expected to own up to 16.5% of the combined company.
August 19, 2024
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