Sinopec seals record-breaking acquisition

    July 15, 2009 | BY

    clpstaff &clp articles

    Sinopec Group has acquired oil-exploration company Addax Petroleum for US$7.19 billion

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    Sinopec Group has acquired oil-exploration company Addax Petroleum for US$7.19 billion. The deal marks the largest overseas acquisition by a Chinese oil company and is part of a trend of