CNOOC hails Canada's approval for its takeover of Nexen

State-owned CNOOC said yesterday it was delighted Canada had approved its US$15.1 billion proposed takeover of Canadian oil and gas producer Nexen.

Once finalised, it will be China's largest overseas energy acquisition, coming at a time other Chinese companies, such as Huawei, encounter difficulty in expanding in North America.

via Business feed http://www.scmp.com/business/commodities/article/1100986/cnooc-hails-canadas-approval-its-takeover-nexen