Addax agrees C$8bn offer from Sinopec
Sinopec, the Chinese state-owned oil group is to buy Canada’s Addax Petroleum for C$8.3bn ($7.3bn, €5.3bn, £4.4bn), giving the Chinese group control over new oilfields in Kurdish northern Iraq. Addax’s London-listed shares... [read full story]
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Sinopec group agrees to buy Addax for $7.3 bn
China Petrochemical Corp, the country’s second-biggest oil company, agreed to buy Swiss explorer Addax Petroleum Corp for $7.3 billion in cash to tap oil reserves in Iraq’s Kurdish region and Africa. Sinopec Group, as China...
China's Sinopec to acquire Addax Petroleum
Canadian oil and gas exploration company Addax Petroleum Corp has reached a deal to be acquired by Chinese refiner Sinopec. The Calgary, Alberta-based company, which previously disclosed it was in sale talks, said today all its...
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