CNOOC MAY SEEK PARTNERS TO BID UNOCAL JOINTLY
AsiaInfo Services, July, 2005
AsiaInfo Services 07-06-2005 CNOOC May Seek Partners to Bid Unocal Jointly CHINA, Jul 06, 2005 (SinoCast via COMTEX) -- China National Offshore Oil Corporation (CNOOC) may seek international strategicpartners to join in its bid for Unocal, the ninth-largestoil and gas producer in the US.Carltle Group and Temasek Holdings are likely to be CNOOC's potential partners.
But the head of CNOOC declined to comment.The word is not entirely rootless, said an insider familiar with the bid, adding that as an internationalized oil company, CNOOC could not only gain more valuable international experiences and confidence from Unocal's shareholders by introducing international strategic partners, but increase the possibility of success in the bid.Some large- and medium- sized...
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