Sinopec Considering $2.5 Billion Bid for Imperial Energy
Sinopec Considering $2.5 Billion Bid for Imperial Energy
BEIJING--August 13, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--China Petroleum & Chemical Corporation (NYSE:SNP) (Sinopec) (Beijing) is considering a $2.5 billion bid for Imperial Energy (LON:IEC) (London), which has assets in Russia. Imperial Energy has confirmed that another possible cash offer besides India's state-owned Oil and Natural Gas Corporation (BOM:500312) (ONGC) (New Delhi) was approaching, according to a report in The Daily Telegraph of Britain.
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