U.S. regulators have approved the $15.1 billion takeover of Canadian oil and gas company Nexen Inc by China’s state-owned CNOOC, removing the final barrier to China’s largest foreign takeover.
Calgary, Alberta-based Nexen said on Tuesday the Committee on Foreign Investment in the United States (CFIUS) has approved the deal. The companies had been awaiting U.S. approval of the deal because Nexen has assets in the Gulf of Mexico, as well as in Canada and other countries.
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Euan Rocha, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/-S6-0dNSPDQ/
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