Suncor stumps up $4.5 billion for TotalEnergies’ oil sands assets

French supermajor ditches spin-off and IPO after unsolicited offer from Canadian giant

Oil sands deal: Suncor Energy chief executive Rich Kruger. — Oil sands deal: Suncor Energy chief executive Rich Kruger.Photo: SUNCOR ENERGY

Iain Esau

London

TotalEnergies Suncor Energy Canada Fort Hills Surmont

Published 27 April 2023, 09:10Updated 27 April 2023, 09:45