CNC Willing To Pay US$2.5bn For Ugandan Assets?

To read the full article, please choose one of the following options:

China National Offshore Oil Corporation (CNC)'s shares fell 1.7% to HKD11.40 (US$1.47) on February 8, according to Bloomberg, following reports that the company may acquire a share in Anglo-Irish independent Tullow Oil's Ugandan assets for US$2.5bn.