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    Home»Deals & Transactions»KKR looking to sell Canadian gas producer Westbrick for $1.13B
    Deals & Transactions

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022Updated:November 18, 20221 Min Read
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    Private equity firm KKR & Co is looking to offload Canadian oil and gas producer Westbrick Energy Ltd in a potential deal valued at between $1.13 billion and $1.5 billion, according to a report by Reuters.

    The report cutes unnamed sources as revealing that majority owner KKR is looking to find a buyer by the end of the year, one of the sources said, but that it could also hold on to Westbrick should it fail to find a suitable buyer.

    KKR has owned Westbrick for a decade, investing CAD250 million in the company when it was a smaller producer back in 2012.

    Read more: Private Equity Wire

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