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Sinopec to take over Canada's Tanganyika
By Wan Zhihong (chinadaily.com.cn)
Updated: 2008-12-16 18:03 Sinopec has announced that it has received approval from the Chinese government for the takeover of Canada's Tanganyika Oil Co. China's largest refiner will buy Tanganyika at a price of C$31.5 ($25.5) per share. The total value of the deal is estimated at around 13 billion yuan. The offer is open for acceptance until Dec 19, 2008, unless withdrawn or extended. (For more biz stories, please visit Industries)
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