China National Petroleum Acquires Verenex Energy

On December 1, 2009, China National Petroleum acquired oil/gas exploration company Verenex Energy for 499M USD

This is China National Petroleum’s 1st transaction in the Oil/Gas Exploration sector.
This is China National Petroleum’s largest (disclosed) transaction.
This is China National Petroleum’s 1st transaction in Canada.
This is China National Petroleum’s 1st transaction in Alberta.

M&A Deal Summary
Date	2009-12-01
Target	Verenex Energy
Sector	Oil/Gas Exploration
Buyer(s)	China National Petroleum
Deal Type	Add-on Acquisition
Deal Value	499M USD
Advisor(s)	FirstEnergy Capital Corp. (Financial)

Calgary, Alberta, Canada

Verenex Energy, Inc. is an oil and gas production and exploration provider.

SEARCH BY

Try For Free 7-Day Free Trial

Beijing, China

China National Petroleum is China's largest integrated oil and gas company.