Company News: Chinese, FSU firms in thick of acquisition deals

04/29/2002
Acquisitions involving companies in communist or formerly communist countries dominate this week’s company news.Among those transactions:BP PLC said it has completed a transaction with Alfa Group and Access-Renova to increase by 15% its stake in Russian oil and gas firm Sidanco for $375 million. BP now holds 25%, plus one share, in the company–a level that matches its current voting rights, BP said.PetroChina Co. Ltd. has entered into an agreement to acquire all of the Indonesian operations of Devon Energy Corp., Oklahoma City, for $262 million in cash and working capital. The deal is expected to close at the end of this month.The international unit of Williams Cos. Inc., Tulsa...
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