M&A Deal Summary

Yanchang Petroleum International Acquires Novus Energy

On January 20, 2014, Yanchang Petroleum International acquired oil/gas exploration company Novus Energy for 320M USD

Acquisition Highlights
  • This is Yanchang Petroleum International’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Yanchang Petroleum International’s largest (disclosed) transaction.
  • This is Yanchang Petroleum International’s 1st transaction in Canada.
  • This is Yanchang Petroleum International’s 1st transaction in Alberta.

M&A Deal Summary
Date 2014-01-20
Target Novus Energy
Sector Oil/Gas Exploration
Buyer(s) Yanchang Petroleum International
Deal Type Add-on Acquisition
Deal Value 320M USD
Advisor(s) FirstEnergy Capital Corp.
Cormark Securities, Inc.
Canaccord Genuity Corp.
Haywood Securities, Inc. (Financial)
Blake, Cassels & Graydon (Legal)

Target

Novus Energy

Calgary, Alberta, Canada
Novus Energy, Inc. is a oil and gas company.

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Buyer(S) 1

Buyer

Yanchang Petroleum International

Hong Kong, China
Category Company
Founded 2001
Sector Chemicals
Employees207
Revenue 27.7B HKD (2023)
DESCRIPTION

Yanchang Petroleum International is engaged in the exploration, exploitation and operation of oil and gas fields and refined oil wholesale and retail businesses. Yanchang Petroleum International was founded in 2001 and is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal