Friday, December 7, 2012

Nexen and Progress sales approved.

Harper government approves foreign takeover bids:
... the Harper government declared Friday in approving CNOOC’s $15.1-billion takeover of Nexen, while warning that state-owned enterprise takeovers of oilsands companies will only be permitted on “an exceptional basis only.”
... also approved a $6-billion takeover bid by Malaysian national energy company Petronas for Calgary-based natural gas producer Progress Energy Resources.
Terence Corcoran: Rocky road ahead for foreign investments in Canada

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