Announced
Financials
Sources
Tags
Friendly
Domestic
Public
oil and gas exploration
oil and gas company
Pending
Private
Hong Kong
Integrated Oil and Gas
Acquisition
Single Bidder
Synopsis
Orient Group, a Chinese conglomerate, agreed to acquire a 25% stake in United Energy, a Chinese oil & gas exploration and production company, for $723m. Orient Group's unit will set up an overseas special purpose vehicle for the planned acquisition, it said in a filing posted on the Shanghai stock exchange.
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