Vermilion Energy sale of its Saskatchewan and Manitoba assets
Torys acted as counsel to Vermilion Energy in its C$415 million sale of its Saskatchewan and Manitoba assets.
On July 10, 2025, Vermilion Energy Inc. ("Vermilion") announced that it closed its previously announced sale of its Saskatchewan and Manitoba assets for cash proceeds of C$415 million.
The assets are comprised of approximately 10,500 boe/d (86% oil and liquids) of non-core light oil production in Saskatchewan and Manitoba. Net proceeds will be directed towards debt repayment to accelerate deleveraging efforts and strengthen Vermilion's balance sheet.
Further information can be found on PR Newswire’s website.
Vermilion is a global gas producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. Its operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia.
The Torys team included Stephanie Stimpson, David Cuschieri, Tanis Makowsky, Charlotte Hardwicke-Brown and Jack Kuzyk (corporate/M&A), Ian Li (competition), Tom Stevenson (employment), Gino Bruni (regulatory), Mike Pedlow (securities) and Steve Marshall (tax).
Torys a également agi dans le cadre des mandats suivants en lien avec ce projet :
| Province/État | Saskatchewan, Manitoba |
| Pays | Canada |
| Nature du mandat | Fusions et acquisitions |
| Client | Vermilion Energy |
| Rôle du client | Vendeur |
| Valeur | 415 000 000 $ CAD |