Sinopec acquires OXY’s Argentine assets for 16.3 billion yuan
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Beijing, December 10 – Sinopec Group announced that through its wholly-owned subsidiary, Sinopec International Petroleum Exploration and Development Co., Ltd., it has signed a definitive agreement with the U.S.-based company OXY to acquire 100% of the shares in OXY’s Argentine subsidiary along with its affiliated companies (collectively referred to as OXY Argentina) for $2.45 billion.
:Hehe, China is rising...... Another thing – I hope there is no loss of state assets......
These days, foreigners like to buy companies from Chinese enterprises.
This post was last edited by Chemical Gas Purification on 2010-12-12 at 11:46. The price is a bit high; integration in the future will be an issue. Still, it’s worth praising our efforts. Iron ore, potassium raw materials, and oil are all things we need urgently; otherwise, we’ll continue to be dependent on others and waste funds
**It is gradually rising and supporting China in becoming a multinational corporation. I wonder how things are going with that deal to acquire the Canadian potash company, which has been the subject of quite a lot of discussion recently Looking forward to it!