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M&A / Property

NUVISTA AND OVINTIV ANNOUNCE RECEIPT OF INVESTMENT CANADA ACT APPROVAL

By The Northwire Desk — AI Analysis Jan 28, 2026 · 17:05 NVA · 18.5 NUVISTA ENERGY LTD.
NVA · Price

Executive Summary

  • The Government of Canada approved the proposed acquisition of NuVista Energy Ltd. by Ovintiv Inc. under the Investment Canada Act.
  • The transaction has already cleared the Competition Act, received a Final Order from the Court of King's Bench of Alberta, and was approved by NuVista shareholders on Jan 23 2026.
  • Closing is expected on or about Feb 3 2026, subject to customary closing conditions.

Key Details

  • Regulatory Approval: Investment Canada Act approval granted; previously cleared under Competition Act and court order obtained.
  • Shareholder Approval: NuVista shareholders approved the transaction on Jan 23 2026.
  • Closing Timeline: Anticipated closing date is approximately Feb 3 2026, pending satisfaction or waiver of standard conditions.
  • Transaction Structure: Ovintiv will acquire NuVista through its wholly‑owned subsidiary Ovintiv Canada ULC.
  • Legal Milestones: Final Order issued by the Court of King's Bench of Alberta confirming the transaction’s legality.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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