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Oil and Gas Energy News Update

Thursday, April 7, 2011

PetroChina may look to bid for China Gas Holdings

PetroChina may look to bid for China Gas Holdings




Sources familiar with the matter say PetroChina (PTR) may be interested in bidding for China Gas Holdings, a Hong Kong-listed natural gas provider, the Financial Times reports, citing dealReporter. PetroChina is currently working with Bank of America Merrill Lynch (BAC) on an acquisition, but two sources say the investment bank has not been formally mandated. The sources also say PetroChina could acquire China Gas on its own or use its Kunlun Energy unit to acquire the company.

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