Cnooc has accepted the Canadian government’s conditions for the $15B takeover of Nexen, according to Bloomberg sources.
Cnooc Ltd., China’s biggest offshore oil and gas producer, has accepted management and employment conditions set by the Canadian government as it seeks approval for its $15.1 billion takeover of Nexen Inc., according to two people familiar with the matter.
The deadline for the decision is Dec 10.
USD/CAD has been stuck in a 0.9953-0.9977 range for the past 24 hours.
