Canadian Investors win Case Involving Petrokazakhstan
27.07.2010
By Shaun Polczer
A Chinese-government-owned company has settled two unusual lawsuits stemming from its acquisition of a Canadian-owned company focusing on Kazakhstan oil.
The Canadian subsidiary of China National Petroleum Corporation agreed to pay $9.9 million to settle the suits.
The Alberta Securities Commission said the subsidiary bought Calgary-based Petrokazakhstan shares at...