21 September 2012 04:56 [Source: ICIS news]
SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) said on Friday a Canadian court has approved its $15.1bn (€11.6bn) acquisition plan to buy Calgary-headquartered energy firm Nexen Inc.
The acquisition plan was also approved by Nexen shareholders on the same day, CNOOC said in a statement.
The Chinese major in July this year entered into a final agreement to acquire all interests of Nexen and expected the deal to be closed in the fourth quarter of this year.
The deal is subject to approvals from regulators in China, the US and Canada.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections