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China's National Development and Reform Commission, the country's top economic planner, said on Friday that it approved CNOOC's acquisition of Canadian oil and gas company Nexen Inc in December.
On Dec 7, the Canadian government approved CNOOC's planned acquisition of Nexen, a major step for the company toward completing the largest foreign acquisition by a Chinese company. The deal, which also involves Nexen's assets in the United States, the United Kingdom and other countries, is awaiting approval from those governments.
China Daily - Agencies
