Suncor energy announces sale of uk exploration & production business

All financial figures are in canadian dollars calgary, alberta--(newsfile corp. - march 2, 2023) - suncor energy (tsx: su) (nyse: su) today announced that it has entered into a share purchase agreement with equinor uk limited for the sale of suncor energy uk limited, which includes suncor's non-operated offshore interests in the north sea. the deal is valued at approximately c$1.2 billion excluding working capital adjustments and including contingent consideration of c$338 million that is conditional upon the submission of the rosebank development application to the regulator.
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