Canada approves US$5.5bil energy takeover by Petronas

Michel ComtePublished: Dec 8, 2012 7:39 AM | Updated: Dec 8, 2012 7:55 AM

Canada on Friday approved two major takeovers of energy firms by Malaysia's national oil company Petronas and the Chinese state-owned giant CNOOC - deals worth an estimated more than US$20 billion in total.

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