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BRIEF-Canada Pension Plan Investment Board, Vermilion Energy enters into partnership in Corrib
July 12, 2017 / 11:34 AM / 4 months ago

BRIEF-Canada Pension Plan Investment Board, Vermilion Energy enters into partnership in Corrib

July 12 (Reuters) - Vermilion Energy Inc-

* Canada Pension Plan Investment Board and Vermilion Energy Inc. announce strategic partnership in Corrib

* Vermilion Energy Inc - deal for ‍total cash consideration of eur 830 million​

* Vermilion Energy Inc - ‍following transfer to vermilion, cppib would hold a 43.5% non-operated interest​

* Vermilion Energy Inc says vermilion expects acquisition to be accretive for all pertinent per share metrics including production

* Vermilion Energy Inc - ‍following transfer to vermilion, vermilion would hold a 20% operated interest in corrib​

* Vermilion Energy Inc - ‍following transfer to vermilion, statoil asa would continue to hold a 36.5 percent non-operated interest in corrib​

* Vermilion Energy Inc says acquisition would significantly increase vermilion’s degree of operating control of its asset base

* Vermilion Energy Inc - ‍cppib will acquire shell exploration company b.v.’s 45% interest in corrib natural gas field in ireland​

* vermilion-‍following assumption of operatorship of corrib, co estimates that it will operate 87 percent of its production base as compared to 72 percent currently​

* Vermilion Energy Inc - ‍vermilion will operate corrib natural gas field assets after completion of acquisition​ Source text for Eikon: Further company coverage:

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