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Cenovus Completes MEG Acquisition, Ending Takeover Battle
ByAinvest
Thursday, Nov 13, 2025 12:21 pm ET1min read
Cenovus Energy has completed its acquisition of MEG Energy Corp. for over $8.6 billion. The deal adds 110,000 barrels per day of production to Cenovus and marks the end of a takeover battle. MEG shares are expected to be delisted from the TSX. Cenovus CEO Jon McKenzie said the addition of MEG assets will have an immediate positive impact and create significant value over the long term.
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