China's Cnooc offers a record $15.1 billion for Canada's Nexen

Chinese oil company Cnooc is to buy Nexen of Canada for $15.1 billion, making it the biggest-ever cross-border deal from Asia ex-Japan — not just China.
July 24, 2012

Cnooc, one of China’s three major oil companies, struck a deal yesterday to buy Canadian oil and gas producer Nexen for $15.1 billion in the biggest-ever cross-border deal from Asia ex-Japan.

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