Heritage Oil agrees to acquire Turkey’s Genel Enerji for $2.7B in stock

CALGARY, Alberta — Heritage Oil Ltd., an energy company with operations in Russia and the Middle East, said Tuesday it will buy the privately held oil producer Genel Enerji AS of Turkey for stock worth more than 3 billion Canadian dollars ($2.7 billion).

Canada’s Heritage Oil agrees to acquire $2.7B deal for Turkey’s Genel Enerji

CALGARY, Alberta — Canada’s Heritage Oil Ltd. says it has agreed to buy the privately-held Turkish oil producer Genel Enerji AS for shares worth more than 3 billion Canadian dollars ($2.7 billion).