中石油（PetroChina）.docVIP

中石油（PetroChina） PetroChina mergers and acquisitions PK company time: October 27, 2005 Merger Model: early 2005, the Kazakhstan government cut the size of the PK companys mining. In April, the Russian oil company Luke, one of the PK partners, brought it to the Kazakhstan court. In October 18th, PK held a shareholder meeting to vote on mergers and acquisitions. In October 26th, the Canadian court approved the acquisition of PetroChina 100% PK company, with a cash bid of $55 per share to buy all of its listed shares, with a total value of about $4 billion 180 million. Difficulties in mergers and Acquisitions: 1. pressure from many rival bidders and complex contradictions; 2., grasp the attitude of the Kazakh government. The latest challenge: Kazakhstan government on the grounds of antitrust law, impose a fine of $more than 500 million on PK company, paid by PetroChina, resulting in a huge increase in acquisition costs. The typical experience: 1. in the oil to avoid decisive bid, CNOOC previously acquired the error; 2. to avoid the political risk in the general meeting of shareholders of PK company before the vote, a memorandum of cooperation with Kazakhstans national oil company, and has been a strong support to the prime minister in kazakhstan. 1, introduction of oil Chinese was born on November 5, 1999 in Chinese Petroleum Corporation (hereinafter referred to as China Petroleum Group) in the process of restructuring in accordance with established according to the company law and the State Council on Limited by Share Ltd overseas offering and listing of shares of the Limited by Share Ltd special provisions. PetroChina Co Ltd is the largest oil and gas producer and distributor China oil and gas industry is dominated by the China, is one of the biggest sales of the company, one of the worlds largest oil company. China oil offering of American Depositary Shares and H shares in April 6, 2000 and April 7th respectively in New York securities Bats Exchange Inc and The Stock