Top 10 overseas M&As by Chinese companies
Updated: 2014-06-20 07:55
By Sun Chengdong (chinadaily.com.cn)
No 3: China National Petroleum Corp acquired 28.57 percent of ENI East Africa SpA
Chinese State-owned China National Petroleum Corp through its wholly-owned subsidary PetroChina Co Ltd acquired a 28.57 percent stake of ENI East Africa SpA, a Maputo-based oil and gas exploration and production company and a unit of ENI SpA, from ENI SpA, for $4.21 billion.
Acquirer: China National Petroleum Corp
Target: ENI East Africa SpA
Value: $4.21 billion
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CEO of the Italian energy group Ente Nazionale Idrocarburi (ENI), Paolo Scaroni, open the valve of a new pipeline in the Orinoco Oil Belt, a 55,314 square kilometre oil reserve in the Orinoco River area in southeastern Venezuela, on November 22, 2013. [Photo/cfp.cn] |
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