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Sinopec may bid for French explorer Maurel & Prom

BEIJING -- Sinopec, is considering acquiring French oil explorer Maurel & Prom after holding informal talks with the company over the past year, Bloomberg News reported on its website, citing three people with knowledge of the matter.

A deal could value Maurel at more than $2 billion, the people said, adding though that hurdles remain, Bloomberg reported. Phone calls to Sinopec' s Beijing based spokesman were unanswered, while an official at Maurel declined to comment, Bloomberg said.

Dow Jones Newswires

11/01/2012

 

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