Economic

CNOOC to buy Nexen for $15.1 billion in China’s largest foreign deal

“State-controlled CNOOC Ltd launched China’s richest foreign takeover bid yet on Monday by agreeing to buy Canadian oil producer Nexen Inc for $15.1 billion, forcing Ottawa to decide whether security concerns outweigh its desire for foreign investment in its energy resources.”

Source: CNOOC to buy Nexen for $15.1 billion in China’s largest foreign deal | Reuters

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