Sinopec Corp.’s acquisition of Sinopec Group’s oil and gas assets in Angola_Client Success_Our Client_中企华
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In 2009, CEA undertook the appraisal project of the case of Sinopec Corp.’s acquisition of offshore block 18 of Angola located in Lower Congo Basin, owned by Sinopec Group. The underlying amount exceeded RMB 10 billion. The acquisition marked the first time that Sinopec Corp. acquired a number of overseas oil and gas assets of its parent company. CEA leveraged its rich experience of appraising overseas oil and gas assets and completed the appraisal work successfully, winning praises for many times from clients.

In addition, CEA also undertook the appraisal work of the case of China Reform Holdings’ acquisition of overseas assets of CNPC, which is the first overseas investment project of China Reform Holdings with largest scale since its inception, and also the first deal for the cooperation between CNPC and CRH.


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