CALGARY – Tidewater Midstream and Infrastructure Ltd. has signed a deal to acquire the stake in Tidewater Renewables Ltd. that it does not already own.
Tidewater Renewables operates a renewable diesel and renewable hydrogen complex in Prince George, B.C.
The companies say the combined firm will operate as Tidewater Midstream and Infrastructure Ltd. and remain listed on the Toronto Stock Exchange.
Under the deal, minority shareholders of Tidewater Renewables will receive 0.88 common shares of Tidewater Midstream for each share of Tidewater Renewables they hold.
Tidewater Midstream owns about a 65 per cent stake in Tidewater Renewables. The total consideration to be paid to Tidewater Renewables shareholders other than Tidewater Midstream is valued at about $261 million.
Based on the closing price of Tidewater Midstream shares on Friday, the offer implies a value of $20.58 per Tidewater Renewables share.
This report by The Canadian Press was first published Nov. 2, 2026.
Companies in this story: (TSX:TWM, TSX:LCFS)
