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Acquiring Company
British Ithaca Energy Plc
Acquired Company
Suncor Energy
Aberdeen City
CalgaryEnergyOil And GasEnergyOil And GasRenewable EnergyBiomass Energyoil & energyDescription
British Ithaca Energy Plc has agreed to acquire Canadian assets from Suncor Energy Inc. for over $1 billion, comprising $860 million for shallow-water assets and conditional payments of $250 million. This transaction aims to enhance Ithaca's production capacity and expand its presence in North America. The completion is expected in the first half of 2027.
Fundz sees it the moment British Ithaca Energy Plc makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Suncor Energy?
Suncor Energy was acquired by British Ithaca Energy Plc, based in Aberdeen City. The deal was reported on October 7, 2026. Ithaca Energy is one of the largest oil and gas companies on the British shelf in the North Sea. The company focuses on diversifying and increasing production. British Ithaca Energy Plc is privately held and operates in Energy.
When did British Ithaca Energy Plc acquire Suncor Energy?
British Ithaca Energy Plc's acquisition of Suncor Energy was reported on October 7, 2026. British Ithaca Energy Plc has agreed to acquire Canadian assets from Suncor Energy Inc. for over $1 billion, comprising $860 million for shallow-water assets and conditional payments of $250 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Suncor Energy do?
Suncor Energy Inc. is a Canadian oil-sands producer and integrated energy company. The company is involved in the development and production of oil and gas, and the generation of renewable energy. It is publicly traded (SU), operating in Energy, and is based in Calgary.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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