OTTAWA (dpa-AFX) - Canadian oil company Cenovus Energy Inc (CVE, CVE.TO) on Thursday said it has agreed to buy Canexus Corp's North American Terminal Operations, a crude-by-rail trans-loading facility, for $75 million, subject to adjustments.
The company said the deal is part of its strategy to create a portfolio of transportation options designed to maximize market access and capture global prices for its oil.
The deal is expected to close August 31.
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