Oil Investing News » China purchased Addax for 4.4 bln to tap Iraqi Oil

China purchased Addax for 4.4 bln to tap Iraqi Oil

June 24, 2009 @ 3:56 am In Oil Market News

The board of Addax, which is also listed in Toronto and based in Switzerland, has recommended a C$52.80 per share offer from Sinopec, the Chinese state oil and gas company.

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[1] here: http://www.telegraph.co.uk/finance/newsbysector/energy/5623265/China-buys-Addax-for-4.4bn-to-tap-Iraqi-oil.html