PetroChina - Acquisitions and Divestment

Source Press Release
Company PetroChinaChina Reform Holdings Corp. Ltd. 
Tags Asset Deals, Deals, Pipelines/ tankers/ distribution
Date April 27, 2017

On November 24, 2015, our board of directors approved the sale by CNPC Exploration and Development Co., Ltd., one of our 50%-owned subsidiaries, of its 50% of equity interest in  CNPC Trans-Asia Gas Pipeline Co., Ltd. to a wholly-owned subsidiary of Guoxin International Investment Corporation Ltd. for a consideration of US$2.327 billion. This transaction was closed in the second quarter of 2016.

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