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Sinopec Completed Tanganyika Takeover

12-25 12:23 Caijing

Full article in Chinese: http://www.caijing.com.cn/2008-12-24/110042111.html

Chinese oil giant Sinopec has completed its takeover of Canadian oil company Tanganyika, which delisted from Toronto stock exchanges on Dec. 24. Sinopec in October offered CA$ 31.05 per share to take over Tanganyika. The 13 billion deal is Sinopec's largest overseas acquisition in recent years.

 

Related article in English: Sinopec Presses Ahead with Canadian Acquisition

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