Deal worth 1.3 bln Canadian dlr including debt (Il Sole 24 Ore Radiocor) - Toronto, 12 Aug - The Canadian energy group Tourmaline Oil said that it has entered into a definitive arrangement agreement to buy Crew Energy in exchange for 18.778 million Tourmaline common shares and the assumption of net debt of approximately 240 million Canadian dollars.

The deal including all transaction costs represents an investment of 1.3 billion Canadian dollars.

The acquisition is expected to close in early October 2024, it added.

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(RADIOCOR) 12-08-24 19:12:18 (0441) 5 NNNN