CNPC to Buy Stake in Repsol's YPF
Year:2009 ISSUE:22
COLUMN:M & A, BUSINESS & TRADE
Click:201    DateTime:Aug.06,2009
CNPC to Buy Stake in Repsol's YPF     

China National Petroleum Corp could pay up to US$14.5 billion for a 75% stake in Spanish oil major Repsol's Argentine unit YPF, sources with knowledge of the matter said on July 10th.
   Reportedly China's top offshore oil producer CNOOC, India's Oil and Natural Gas Corporation and Russian companies are also eyeing YPF. CNOOC may be eager for the remaining 25% interest in YPF.
   Watchdogs say CNPC and CNOOC could make a joint bid, although it remains unclear.