Alberta Indigenous loan agency pushes back against report it would help finance joint bid for MEG Energy – Financial Post

Aug 15, 2025

Alberta Indigenous Opportunities Corp. says it’s not in ‘the business of participating in mergers and acquisitions’

Alberta’s provincial Indigenous loan agency says it “is not in the business of participating in mergers and acquisitions,” pushing back on a report that it could help finance Indigenous groups said to be in talks with oilsands major Cenovus Energy Inc. on a joint takeover offer of MEG Energy Corp.

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A Bloomberg story earlier this week said the Alberta Indigenous Opportunities Corp. (AIOC) and its federal counterpart could provide financial backing for a group of First Nations and Métis communities in a potential joint bid with Cenovus to buy MEG as early as September.

Read More: https://financialpost.com/commodities/energy/indigenous-loan-agency-pushes-back-meg-bid-report