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Canada Approves 2 Significant SOE Bids but Signals Tougher Measures for Reviewing Future Investments by Foreign SOEs


Lawyer Michael Koch
Area Corporate Finance and Securities, Mergers and Acquisitions, Competition, Antitrust and Foreign Investment


On Friday, December 07, 2012, the Government of Canada issued its long-awaited decisions under the Investment Canada Act (“ICA”) of the takeover of Canadian oil and gas giant Nexen Inc., by CNOOC Limited, a state-owned enterprise (“SOE”) of the People’s Republic of China, and of Progress Energy Resources by Petronas International Corporation Ltd., a Malaysian SOE.

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