No 5: China Petrochemical Corp acquired 33 percent oil and gas business of Apache Corp

Sinopec International Petroleum Exploration & Production Corp, unit of Chinese State-owned China Petrochemical Corp, acquired a 33 percent stake in the Egypt oil and gas business of Apache Corp, for $2.95 billion. Apache Corporation is an American independent oil and gas corporation. It is headquartered in Houston, Texas.

Acquirer: China Petrochemical Corp

Target: Oil and gas business of Apache Corp

Value: $2.95 billion

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