All material subject to strictly enforced copyright laws. © 2022 IFLR is part of the Euromoney Institutional Investor PLC group.

How Cnooc’s bid was structured for foreign investment approval

Nexen investors hope Cnooc does not suffer the fate as BHP Billiton, whose bid for Potash was blocked under the Investment Canada Act in November 2010. Cnooc’s arrangement agreement is thought to give it a good shot at approval

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login