Sinopec International to Acquire 49% Stake in Talisman Energy (UK) for $1.5 Billion
Summary: Sinopec International Petroleum Exploration & Production Corporation (SIPC), a wholly-owned subsidiary of Sinopec Group (Sinopec), agreed to acquire 49% stake in Talisman Energy (UK) Limited (TEUK) from Talisman Energy Inc (Talisman) for a purchase consideration of $1.5 billion, including working capital adjustments. JPMorgan Chase & Co. is acting as financial advisor, while Slaughter and May is acting as legal advisor to Talisman Energy in the transaction. Herbert Smith LLP is acting as legal advisor to Sinopec International in the...
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