Shanghai (AFP) Dec 12, 2012
China's biggest overseas takeover, the $15 billion purchase of Canada's Nexen, is a huge step in Beijing's push for foreign acquisitions - but its drive to secure resources and markets is causing unease. Ottawa last week approved Chinese state-owned energy giant CNOOC's purchase of the oil and gas company, despite political opposition in Canada. The victory is particularly sweet for CNO Reported by Energy Daily 2 hours ago.
China's biggest overseas takeover, the $15 billion purchase of Canada's Nexen, is a huge step in Beijing's push for foreign acquisitions - but its drive to secure resources and markets is causing unease. Ottawa last week approved Chinese state-owned energy giant CNOOC's purchase of the oil and gas company, despite political opposition in Canada. The victory is particularly sweet for CNO Reported by Energy Daily 2 hours ago.