Middle East Economic Survey
VOL. XLVIII
No 43
24-October-2005
CASPIAN
PetroKazakhstan Shareholders Approve $4.18Bn Sale To CNPC
Shareholders in Canadas PetroKazakhstan on 18 October voted by 99% to approve the sale of the company to the China National Petroleum Corporation (CNPC) at a price of $55 per share, making the deal worth around $4.18bn. However, it awaits the outcome of a court ruling before it can go ahead. PetroKazakhstan said on 19 October that it had sought from an Alberta court a...
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