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Sale of Prince George refinery completed

Husky Energy has closed the sale of its 12,000 barrel-per-day Prince George Refinery to Tidewater Midstream and Infrastructure, the company said Friday. The transaction is worth $215 million in cash, plus a closing adjustment of about $53.5 million.
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Husky Energy has closed the sale of its 12,000 barrel-per-day Prince George Refinery to Tidewater Midstream and Infrastructure, the company said Friday.

The transaction is worth $215 million in cash, plus a closing adjustment of about $53.5 million.

It includes a contingent payment to Husky of up to $60 million over two years, and the company has entered into a five-year offtake agreement with Tidewater for refined products from the refinery.