2014-02-21 05:40:02 - CNPC Rumored to Acquire Barra Energia for US$2 Billion for Oil and Gas Assets in Brazil - Deal Analysis - a new market research report on companiesandmarkets.com
CNPC Rumored to Acquire Barra Energia for US$2 Billion for Oil and Gas Assets in Brazil - Deal Analysis - China National Petroleum Corporation (CNPC) is rumored to acquire Barra Energia do Brasil PetrÃ³leo e GÃ¡s Ltda. (Barra Energia), Bloomberg has reported, citing unidentified sources. The transaction is expected to be valued at approximately US$2 billion (Cristiane et al., 2013). The negotiations are currently underway and the acquisition could be announced in May 2013. The transaction will enable CNPC to acquire to Barra Energia´s oil and gas assets in Brazil.
- The report analyzes the rationale behind CNPC´s plan to acquire Barra Energia
- The report highlights the aggressive stance assumed by China´s NOCs undertaking M&As targeting overseas energy assets
- Geography Covered
Reasons to buy
- To understand the rationale behind CNPC´s rumored acquisition of Barra Energia´s assets in Brazil
- To know that CNPC´s acquisition of Barra Energia is part of the Chinese National Oil Companies´ plan to acquire overseas oil and gas assets
- To know about the details about Barra Energia´s oil and gas assets in Brazil
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