Ovintiv’s acquisition of Nuvista Energy receives Investment Canada Act approval

NuVista Energy (NUVSF) and Ovintiv (OVV) announced that the Government of Canada has approved the acquisition of NuVista by Ovintiv, through its wholly owned subsidiary Ovintiv Canada, in accordance with the terms of the Investment Canada Act. The transaction previously received clearance under the Competition Act Canada and the Court of King’s Bench of Alberta has granted the Final Order in respect of the Transaction. The Transaction was approved by NuVista shareholders on January 23 and is expected to close on or about February 3, subject to the satisfaction or waiver of other customary closing conditions.