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Encana sells Bighorn assets to Apollo's Jupiter Resources

Jun 27, 2014 - The Deal Pipeline
Mergers and Acquisitions

In the latest part of its multibillion-dollar asset divestiture program, Encana Corp. said Friday it agreed to sell its Bighorn properties in Alberta, Canada, to Apollo Global Management LLC-backed Jupiter Resources of Calgary for C$2 billion ($1.8 billion)

The price came in as expected, although Global Hunter Securities Inc. put a $908 million value on the properties in a note released earlier this month.

Encana CEO Doug Suttles said in a statement that the transaction advances the ...