PE Deals

CPP Investments to buy stake in oil and gas producer Aera Energy

CPP Investments and IKAV intend to help Aera balance its energy transition efforts with the need to continue meeting California's conventional energy demands.

-
  • Aera Energy is a Bakersfield, California-based oil and gas producer
  • In September 2022, IKAV announced plans to acquire Aera, created as a joint venture between Shell and ExxonMobil
  • CPP Investments agreed to purchase 49 percent of the company from IKAV

Canada Pension Plan Investment Board has agreed to partner with IKAV to acquire Aera Energy, a Bakersfield, California-based oil and gas producer.

Share this