Vermilion Energy Divests Coelacanth Stake, Trimming Holdings From 20.7% To 15%

2025-12-23 14:46:10

Abstract generation in progress

Vermilion Energy Inc. (VET, VET.TO) has reduced its strategic stake in Coelacanth Energy Inc. through a significant share placement, offloading 30 million common shares at $0.76 per share. The transaction generated proceeds of $22.80 million, with the shares representing more than 2% of Coelacanth’s total outstanding equity.

The divestment marks a notable shift in Vermilion’s investment posture toward the energy company. Prior to this sale, Vermilion maintained a substantial position of 110.18 million common shares, accounting for approximately 20.7% of Coelacanth’s issued and outstanding shares. Following the transaction, the Canadian energy producer’s stake has contracted to 80.18 million common shares, representing a reduced ownership position of around 15.0% in the company.

This reduction in shareholding aligns with potential portfolio optimization strategies, as energy sector investors continue to navigate current market dynamics and reassess capital allocation priorities across their holdings.

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