Reuters: Mergers News: Koch seeks buyers for Canadian oil sands assets

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Koch seeks buyers for Canadian oil sands assets Jun 7th 2012, 19:28 CALGARY, Alberta, June 7 | Thu Jun 7, 2012 3:28pm EDT CALGARY, Alberta, June 7 (Reuters) - Koch Industries' Canadian energy division has put interests in several Alberta oil sands properties on the auction block, adding to a growing list of opportunities for developing the massive resource being shopped to potential bidders. Koch Oil Sands Operating ULC is offering stakes in six properties comprising 220,000 net acres, with total bitumen in place estimated at more than 8 billion barrels, according to Western Divestments, the financial adviser for the offering. Bids are due by Aug. 9, said Moya Little, president of Western Divestments. Confidential data on the properties will be available by the end of June, she said.

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