Ovintiv receives Cdn gov't OK for NuVista acquisition

Executive Summary

• NuVista Energy Ltd. has received approval from the Government of Canada under the Investment Canada Act for its proposed acquisition by Ovintiv Inc.
• The transaction has cleared all major regulatory and shareholder hurdles, including Competition Act clearance, the final court order from the Court of King's Bench of Alberta, and shareholder approval on January 23, 2026.
• The acquisition is expected to close on or about February 3, 2026, subject to customary closing conditions.

Key Details

• Regulatory Approval: Received approval under the Investment Canada Act for the acquisition of NuVista Energy Ltd. by Ovintiv Inc. (via wholly owned subsidiary Ovintiv Canada ULC).
• Previous Clearances:
  • Clearance under the Competition Act (Canada) was previously obtained.
  • Final order granted by the Court of King's Bench of Alberta.
  • Shareholder approval obtained on January 23, 2026.
• Closing Timeline: Expected to close on or about February 3, 2026.
• Conditions: Closing is subject to the satisfaction or waiver of other customary closing conditions.