Northwire Canada EditionTuesday, October 20, 2026
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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 OVV · 57.96 OVINTIV INC.
OVV · Price

Executive Summary

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

Key Details

  • Approval: Investment Canada Act clearance confirms that Ovintiv’s wholly‑owned subsidiary Ovintiv Canada ULC may complete the acquisition of NuVista.
  • Regulatory Milestones: Prior approvals include Competition Act clearance and a Final Order from the Alberta Court of King's Bench.
  • Shareholder Vote: NuVista shareholders approved the transaction on Jan 23, 2026.
  • Closing Timeline: Anticipated closing date is on or about Feb 3, 2026, pending satisfaction or waiver of standard closing conditions.
  • Transaction Structure: Ovintiv will acquire 100% of NuVista through its subsidiary Ovintiv Canada ULC (details of consideration not disclosed in this release).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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