26 February 2013 02:38 [Source: ICIS news]
SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) announced on Tuesday that it has completed the $15.1bn (€11.5bn) acquisition of Canada’s energy firm Nexen on 25 February, Canadian time.
Nexen will operate as a wholly-owned subsidiary of CNOOC and continue to be led by CEO Kevin Reinhart. CNOOC CEO Li Fanrong will be chairman of the new board of Nexen, according to a CNOOC statement.
($1 = €0.76)
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