The Chinese government is treating its role in potential takeovers of two Canadian companies separately, and is not linking them in order to pressure Ottawa to approve a deal between China's CNOOC Ltd and Canadian oil producer Nexen Inc, Canada's agriculture minister said on Tuesday.Approval from China's Ministry of Commerce (MOFCOM) under Chinese anti-monopoly law is the final regulatory hurdle for Glencore International PLC's C$6.1 billion ($6.1 billion) takeover of Canadian grain handler Viterra Inc. Viterra said on Friday that the deal's closing date deadline would extend until Dec. 10.The only significant asset Viterra owns in China is a canola-crushing plant joint venture.China is also waiting to hear if Canada will approve state-owned CNOOC's $15.1-billion takeover of Nexen and Dec. 10 is also Canada's deadline to rule on that transaction.
CNOOC Limited is an investment holding company. The Company, along with its subsidiaries, is a producer of offshore crude oil and natural gas and an independent oil and gas exploration and production company. Shares of CEO fell by 0.4% or $-0.82/share to $206.01. In the past year, the shares have traded as low as $170.70 and as high as $234.00. On average, 118592 shares of CEO exchange hands on a given day and today's volume is recorded at 56558.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY fell by 0.08% or $-0.02/share to $24.33. In the past year, the shares have traded as low as $13.63 and as high as $26.21. On average, 5227010 shares of NXY exchange hands on a given day and today's volume is recorded at 1304115.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY fell by 0.08% or $-0.02/share to $24.37. In the past year, the shares have traded as low as $14.20 and as high as $26.70. On average, 1301600 shares of NXY.TO exchange hands on a given day and today's volume is recorded at 280996.
Viterra Inc. is a vertically integrated global agri-business company. Shares of VT fell by 0.06% or $-0.01/share to $15.74. In the past year, the shares have traded as low as $9.60 and as high as $16.25. On average, 1899020 shares of VT.TO exchange hands on a given day and today's volume is recorded at 245193.
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