Saturday, March 9, 2013

Two relevant Chinese Outbound Investments

Please, find here below these two new Chinese outbound acquisitions of a petroleum company in Pakistan and an electric utility company in Singapore:
  • Hong Kong-based oil and gas exploration company United Energy Group said it agreed to acquire a 5.26% stake in MKK petroleum concessions, Sindh Province, Pakistan for HKD 31.2 Million (USD 4 Million).
  • Hong Kong-based diversified group First Pacific and Philippians power group Manila Electric Co (Meralco) agreed to acquire a 70% stake in Singapore's electric power generating company GMR Energy (GMRE) from India's infrastructure and heavy construction group GMR Infrastructure for SGD 600 Million (USD 488 Million), First Pacific reported.

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