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Chinese oil giant CNOOC have officially wrapped up the 15 billion US dollar takeover of Canadian oil and gas firm Nexen.
This comes more than 7-months after the takeover was first announced.
Nexen shareholders1 will receive 27.5 dollars per share in cash.
The deal is the largest-ever overseas acquisition2 by a Chinese company.
At the same time, Sinopec has also announced it will buy 50 percent of US' firm Chesapeake's oil and natural gas properties.
Joining us on-line now is Lin Boqiang, Director of Xiamen University's China Center for Energy Economic Research.
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1 shareholders | |
n.股东( shareholder的名词复数 ) | |
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2 acquisition | |
n.取得,学到,养成(习惯),获得的东西 | |
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