Oil and gas company Husky Energy is planning to sell share worth about $1.23 billion. RBC Capital Markets, Goldman Sachs Canada, HSBC Securities [Canada] and JP Morgan Securities Canada are the underwriters of the share sale.

The underwriters will acquire 37 million of the shares worth about $1.02 billion, which can be resold to the public later. Shareholders LF Investments [Barbados] and Hutchison Whampoa Luxembourg Holdings will acquire Husky’s shares worth about $205.6 million.

Click here for the release from Market Wire.