Middle East Economic Survey
VOL. LII
No 34
24-Aug-2009
syria
Sinochem Offers To Take Over Emerald Energy
Chinas Sinochem Corporation, via its wholly-owned subsidiary Sinochem Resources UK, has offered to take over the shares of UK-based Emerald Energy, in a bid to gain access to the latters oil and gas operations in Syria and Colombia. Under the terms of the proposal announced on 12 August, Emerald Energy shareholders will be entitled to receive 750 pence in cash for each share, valuing the entire...
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