Sinopec/ENN bid for China Gas

Sinopec and ENN launch hostile bid for China Gas

China Gas, whose chairman is under house arrest in Shenzhen, has become the subject of an unsolicited offer from ENN and Sinopec.

Nick Ferguson

December 14, 2011

Natural gas distributor ENN Energy and state-owned China Petroleum & Chemical Corp (Sinopec) have launched a rare Hong Kong hostile takeover in a bid to win control of China Gas, another distributor.

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