RE: Interesting move..31 Aug 2022 13:02
China Petroleum & Chemical Corporation (SEHK:386) is weighing a takeover of Gulf Keystone Petroleum Limited (LSE:GKP), people familiar with the matter said. China Petroleum & Chemical Corp. (Sinopec) is working with advisors and has made an approach to Gulf Keystone, said the people, who asked not to be named because the deliberations are private.
The company may also attract other bidders, they said. No final decisions have been made and any talks may not lead to a deal, the people said. Representatives for Gulf Keystone and Sinopec declined to comment. Note the date here.
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