Suncor boosts share in Fort Hills project in largest oil sands deal to date

Kirkland & Ellis advising US mobile app firm in $1.66-billion sale to TELUS also in deals roundup

Suncor boosts share in Fort Hills project in largest oil sands deal to date
Oil sands project near Fort McMurray, Alberta

Suncor Energy agreed to boost its interest in an Alberta oil sands mining project to 75.4 percent by buying $1 billion worth of additional shares in a deal marked as the largest oil sands transaction to date. Also in this week’s deals roundup is Kirkland & Ellis serving as legal counsel to a US-based mobile application design and development firm in its $1.66 billion (US$1.225 billion) sale to TELUS.

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