Home Row over fees gives glimpse into Beijing-backed takeovers
 

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Row over fees gives glimpse into Beijing-backed takeovers

2015-01-25 16:33:34| Energy - Topix.net

An arbitration over fees paid between Sinopec Group and its agent on its 2005 bid for a major Kazakhstan oil asset provides rare details about Beijing's intervention in state firms' overseas acquisitions. Photo: Reuters An arbitration over fees paid between Sinopec Group and its agent on its 2005 bid for a major Kazakhstan oil asset that ended up being bought by fellow state-owned China National Petroleum Corp has provided rare details about Beijing's intervention in state firms' overseas acquisitions.

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