New Energy market report from GlobalData: "Sinopec International to Acquire 49% Stake in Talisman Energy (UK) for $1.5 Billion - Talisman Energy Divests its Stake in North Sea in Line with its Plan of Divesting from Matured Assets - Deal Analysis from GlobalData"
Boston, MA -- (SBWIRE) -- 09/25/2012 -- 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 transaction. The transaction had an effective date of January 1, 2012, and is expected to be completed by the end of 2012, subject to government and regulatory approval. The transaction implies deal value of $34,395.78 per boe of daily production.
- Rationale behind Sinopec's Plan of acquiring 49% stake in Talisman UK
- Rationale behind Sinopec's plan to acquire stake in Talisman Energy UK
- Geography Covered- UK
View Full Report Details and Table of Contents
Reasons to Get this Report
- Develop a sound understanding of Talisman's business plan and Sinopec's acquisition plan around the world
- Rationale behind Sinopec's plan to acquire 49% stake in Talisman UK
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Energy research reports at Fast Market Research
You may also be interested in these related reports:
- Talisman Energy Inc. (TLM) - Oil & Gas - Deals and Alliances Profile
- Royal Dutch Shell plc (RDSA) - Oil & Gas - Deals and Alliances Profile
- Exxon Mobil Corporation (XOM) - Oil & Gas - Deals and Alliances Profile
- Total S.A. (FP) - Oil & Gas - Deals and Alliances Profile
- BP p.l.c. (BP.) - Oil & Gas - Deals and Alliances Profile
- Statoil ASA (STL) - Oil & Gas - Deals and Alliances Profile
- ConocoPhillips (COP) - Oil & Gas - Deals and Alliances Profile
- China Petrochemical Corporation - Oil & Gas - Deals and Alliances Profile
- Eni S.p.A. (ENI) - Oil & Gas - Deals and Alliances Profile
- SSE plc (SSE) - Power - Deals and Alliances Profile
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)