Cygnet Energy signs agreement to buy Kiwetinohk Energy
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
CALGARY – Private energy company Cygnet Energy Ltd. has signed an agreement to buy Kiwetinohk Energy Corp. in a deal that values the company at $1.4 billion.
Under the proposal, Kiwetinohk shareholders will receive $24.75 per share.
Shares in the company closed at $15.20 on the Toronto Stock Exchange on March 5 before it first announced a business strategy review, including a possible sale.
Kiwetinohk produces natural gas, natural gas liquids, oil and condensate.
The deal, which has been approved by Kiwetinohk’s board of directors, requires shareholder approval.
Shareholders owning 79 per cent of the company, including ARC Financial and Luminus Energy, the company’s two largest institutional shareholders, have agreed to back the deal.
This report by The Canadian Press was first published Oct. 28, 2025.
Companies in this story: (TSX:KEC)