China's Cnooc offers a record $15.1 billion for Canada's Nexen

Chinese oil company Cnooc is to buy Nexen of Canada for $15.1 billion, making it the biggest-ever cross-border deal from Asia ex-Japan — not just China.

Lara Wozniak

July 24, 2012

Cnooc, one of China’s three major oil companies, struck a deal yesterday to buy Canadian oil and gas producer Nexen for $15.1 billion in the biggest-ever cross-border deal from Asia ex-Japan.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.