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and the Canadian firm Stikeman Elliott advised the state-owned Chinese oil company Sinopec Group in its $7.2 billion acquisition of Addax Petroleum Corp., a Switzerland-based oil and gas exploration company that is listed on exchanges in London and Toronto. It's a landmark deal, according to Bloomberg and the Wall Street Journal. It is the largest-ever overseas acquisition by a Chinese company, and it gives Sinopec, one of the world's oil giants, access to Addax production facilities off the coast of West Africa and in the politically sensitive Kurdish region of Iraq. The Canadian firm Fasken Martineau advised Addax on the deal, and Osler, Hoskin & Harcourt represented the company's board of directors. The deal is fraught with complexities, according to the WSJ and lawyers on the deal, starting with the fact that the... [read full story]
Dame Clara Furse is set to join the international board of Nomura, the Japanese bank, in a move that will mark her return to the City after leaving the helm of the London Stock Exchange. "Queen Clara", who became one of the...
The "ultimate" gallantry medal – the only double Victoria Cross from the Great War – has been bought by Tory peer Lord Ashcroft for a world record price of nearly £1.5 million. By Andrew Alderson, Chief Reporter Captain Noel...
Heritage Oil, the UK-listed exploration and production company, is expected to announce the sale of its Ugandan assets for over £1bn as early as tomorrow. Italian energy giant ENI is understood to be acquiring the assets, two...
Major energy and utility companies including EDF Centrica and International Power have decided not to send delegations to next month's Copenhagen summit which global leaders now admit is unlikely to reach an agreement on new...
