Acquiring Company
Suncor Energy
Acquired Company
TotalEnergies
CalgaryEnergyOil And GasRenewable EnergyBiomass Energyoil & energyEnergySustainabilityOil And GasNatural ResourcesRenewable EnergyBiomass EnergyDescription
TotalEnergies has accepted an offer from Suncor Energy Inc. for the acquisition of its oil sands assets through the acquisition of the shares of TotalEnergies EP Canada Ltd. The transaction includes a C$5.5 billion cash payment at closing and additional payments that could reach a maximum of C$600 million. The acquisition represents an alternative to TotalEnergies' planned spin-off of its Canadian assets, and the transaction is expected to close by the end of the 3rd quarter of 2023.
Quick answer
Suncor Energy is acquiring TotalEnergies, announced July 3, 2024. Suncor Energy is based in Calgary, Alberta, Canada.
- How much did Suncor Energy pay for TotalEnergies?
- The deal value was not disclosed.
- What does Suncor Energy do?
- Suncor Energy Inc. is a Canadian oil-sands producer and integrated energy company.
- Where are Suncor Energy and TotalEnergies based?
- Suncor Energy is based in Calgary, Alberta, Canada.
- Who are the decision-makers at Suncor Energy?
- Fundz holds 1 contact at Suncor Energy. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Suncor Energy, and when
When Suncor Energy changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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- The decision-makers there, with verified emails
- Who you already know at Suncor Energy, from your own LinkedIn network
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Frequently asked
Who acquired TotalEnergies?
TotalEnergies was acquired by Suncor Energy, based in Calgary. The deal was reported on July 7, 2024. 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. Suncor Energy is publicly traded (SU) and operates in Energy.
When did Suncor Energy acquire TotalEnergies?
Suncor Energy's acquisition of TotalEnergies was reported on July 7, 2024. TotalEnergies has accepted an offer from Suncor Energy Inc. for the acquisition of its oil sands assets through the acquisition of the shares of TotalEnergies EP Canada Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TotalEnergies do?
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. It is publicly traded (TTE), operating in Energy.
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