Cenovus agrees to acquire Athabasca as Cenovus Energy stock trades at EUR 29.34
Published on 10/25/2026 at 17:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDeal terms and trading context
- Cenovus announced the Athabasca agreement on October 5, 2026, with an implied enterprise value of CAD 5.7 billion.
- Cenovus Energy stock trades at EUR 29.34 at 4:57 p.m. CEST at Lang & Schwarz on October 25, 2026.
- The next Xetra session is scheduled for October 26, 2026.
Cenovus Energy agreed on October 5, 2026, to acquire Athabasca Oil in a cash-and-stock transaction with an implied enterprise value of CAD 5.7 billion, according to the Cenovus Energy release.
Market context: Market report S&P/TSX Composite.
Weekend trading
Cenovus Energy stock trades at EUR 29.34 at 4:57 p.m. CEST at Lang & Schwarz on October 25, 2026. The further course of weekend trading at Lang & Schwarz until 7:00 p.m. CET/CEST is shown by the continuously updated real-time quote of Cenovus Energy stock.
Athabasca transaction
Under the agreement, Athabasca shareholders may elect CAD 12.00 in cash, 0.264 of a Cenovus share, or another permitted combination, subject to pro-ration. Cenovus said the transaction is expected to close in December 2026, subject to regulatory and shareholder approvals. The company also expects CAD 85 million in annual corporate and commercial synergies, according to the company announcement.
Next Xetra session
The next Xetra session is scheduled for October 26, 2026.
