(EnergyAsia, November 14 2011, Monday) — Blaming BP Plc for not clearing anti-trust regulatory approvals, Bridas Corp has cancelled its proposed deal to acquire the UK major’s 60% stake in Argentine crude producer Pan American Energy LLC for US$7.06 billion.Bridas Corp, which will retain its 40% stake in PAE, also cited an order by Argentina’s…
CHINA: Bridas Corp calls off deal to acquire BP’s 60% stake in Argentina’s Pan American Energy
Posted on November 14, 2011 by EnergyAsia