Sunday, January 25, 2015

Row over fees gives glimpse into Beijing-backed takeovers





An arbitration over fees paid between Sinopec Group and its agent on its 2005 bid for a major Kazakhstan oil asset that ended up being bought by fellow state-owned China National Petroleum Corp (CNPC) has provided rare details about Beijing's intervention in state firms' overseas acquisitions.









via South China Morning Post - Business feed http://ift.tt/1JFVDy5

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