Vermilion Energy Divests Coelacanth Holding, Reduces Stake From Over 20% To 15%

Vermilion Energy Inc. (VET, VET.TO) has significantly reduced its investment in Coelacanth Energy Inc. through a substantial share disposal. The Canadian energy company offloaded 30 million common shares of Coelacanth at $0.76 per share, generating proceeds of $22.80 million in the transaction.

Stake Reduction Details

Prior to this divestment, Vermilion maintained a significant position in Coelacanth, controlling approximately 110.18 million common shares representing roughly 20.7% ownership of the outstanding shares. Following the share sale, the company’s stake in Coelacanth has been trimmed to 80.18 million common shares, now accounting for approximately 15.0% of the issued and outstanding common shares.

The transaction represents the disposal of more than 2% of Coelacanth’s total outstanding shares, marking a material reduction in Vermilion’s strategic position within the company. This move signals a potential shift in Vermilion’s investment strategy regarding its Coelacanth holding.

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