Advantage finalizes sale of 12.5% stake in Glacier Gas Plant
Date
July 13, 2020
Type
M&A Transactions
Subtype
Transaction completed
Countries
Canada
Subsectors
O&G Midstream
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Advantage Oil & Gas Ltd. has closed the sale of a 12.5% interest in the Glacier Gas Plant in Canada to Topaz Energy Corp. and received CAD100 million (US$73.7 million) cash proceeds.
Advantage retains the remaining 87.5% interest and will continue to be operator of the Glacier Gas Plant with access to all surplus capacity during the term of a 15-year volume commitment with Topaz.
