Canada’s Review of Cnooc-Nexen Deal Sparks Transparency Demands

Canada’s Review of Cnooc-Nexen Deal Sparks Transparency Demands

Nelson Ching/Bloomberg

With its bid for Calgary-based oil and natural gas producer Nexen, Cnooc will become the largest Asian spender among completed and pending acquisitions in Canada in the past decade, with spending of $20.1 billion.