Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Encana JV With PetroChina Not Subject to Canada Review

(Corrects name of federal act in second paragraph.)

Dec. 19 (Bloomberg) -- Encana Corp.’s C$1.18 ($1.19) billion joint venture with state-owned Petrochina Co. won’t be subject to government review, Industry Canada spokeswoman Margaux Stastny said in an e-mail today.

The deal, in which PetroChina will get a 49.9 percent stake in Encana’s Duvernay Shale acreage, isn’t subject to the Investment Canada Act that restricts state-owned companies seeking to acquire oil-sands businesses, she said.

“Foreign investments that do not involve the acquisition of control are not reviewable under the Investment Canada Act except in respect of their national security implications,” she said in the e-mail.

To contact the reporter on this story: Rebecca Penty in Calgary at rpenty@bloomberg.net

To contact the editor responsible for this story: Jasmina Kelemen at jkelemen2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.