Cnooc, Bridas Extend Talks for PanAm Stake

Cnooc, Bridas Extend Talks for PanAm Stake

Argentina Asia China Europe M&A

The joint venture between China National Offshore Oil Corporation’s (CNOOC) and Argentina’s Bridas has extended its talks with BP to acquire the British oil company’s majority stake in Pan American Energy for $7.06bn in cash. The parties had set November 1 as a final date for an agreement, but they decided to continue talks as regulators in China and Argentina work on a final approval. A BP spokesman said no new tentative final date has been agreed between the parties and noted th

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