Suncor to sell Canadian offshore assets to Ithaca for $1.08 billion

By Reuters News

- Canada's Suncor Energy SU.TO agreed to sell its interests in the Terra Nova, White Rose and West White Rose offshore oil assets to London-based Ithaca Energy ITH.L for C$1.2 billion ($841.69 million) in upfront cash, with an additional contingent payment of up to C$350 million, the companies said on Sunday.

($1 = 1.4257 Canadian dollars)

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