Top 10 overseas M&As by Chinese companies
Updated: 2014-06-20 07:55 By Sun Chengdong (chinadaily.com.cn)No 9: China National Petroleum Corp acquired 20 percent of OAO Yamal SPG
China's State-owned enterprise China National Petroleum Corp (CNPC) acquired a 20 percent stake in OAO Yamal SPG, a Yar-Sale-based oil and gas exploration and production company from OAO Novatek, for $1.11 billion. OAO Novatek is Russia's largest independent natural gas producer, and the country's second-largest gas produce.
Acquirer: China National Petroleum Corp
Target: OAO Yamal SPG
Value: $1.11 billion
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Oilpipes have seen in Daqing leading to Russia,February 23, 2014. [Photo/IC] |
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