Canadian To Sell Its Canadian Commercial Fuels Unit For Expected Cash Proceeds Of $275M

Cenovus Energy Inc.

Cenovus Energy Inc.

CVE

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Cenovus entered into agreements to sell its Canadian commercial fuels business, which includes travel centres, cardlocks, retail sites and bulk plants. Total expected cash proceeds from the sales are $275 million. The transactions are expected to close in the second half of 2026, subject to approval under the Competition Act (Canada) and other customary closing conditions. TD Securities acted as exclusive financial advisor on the transactions.

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