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Canada PM: Cnooc-Nexen deal raises difficult policy questions

BY OAUL VIEIRA

OTTAWA--Canadian Prime Minister Stephen Harper said Thursday that Cnooc Ltd.' s proposed $15.1 billion takeover of Canada' s Nexen Inc. poses difficulty policy questions for his government.

He made the remarks in Ottawa at a public appearance with Tanzania' s president, Jakaya Kikwete, to announce an investment promotion and protection deal between the two countries.

The Canadian leader has said in the past the deal, led by Beijing-controlled Cnooc, is unique due to its size and that it involves a state-owned enterprise.

Mr. Harper said his government is reviewing the transaction to ensure it provides a so-called net benefit for Canada.

Dow Jones Newswires

10/04/2012

 

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