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CNOOC is set to complete the country’s largest foreign takeover by acquiring Canada’s Nexen,but questions remain The last hurdle for the Chinese offshore oil gianf s takeover of Canadian oil and gas company Nexen has been removed after the U.S.regulator approved the $15.1 billion acquisition of Nexen Inc.by the state-owned China National Offshore Oil Corp.(CNOOC) Ltd. on February 12.The deal is expected to close at the end of February. CNOOC made a bid in cash of $27.5 per
CNOOC is set to complete the country’s largest foreign takeover by acquiring Canada’s Nexen, but questions remain The last hurdle for the Chinese offshore oil gianf s takeover of Canadian oil and gas company Nexen has been removed after the USregulator approved the $ 15.1 billion acquisition of Nexen Inc. by the state-owned China National Offshore Oil Corp. (CNOOC) Ltd. on February 12. The deal is expected to close at the end of February. CNOOC made a bid in cash of $ 27.5 per