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TAQA, PrimeWest ink $5bn deal
- United Arab Emirates: Tuesday, September 25 - 2007 at 09:06
Abu Dhabi National Energy (TAQA) has made a friendly $5bn offer for PrimeWest Energy Trust, a Calgary-based oil and natural gas producer, reported the Financial Times. Analysts predict the transaction will receive close scrutiny by the US, and may receive a national security review. PrimeWest last year bought oil and gas properties in the several US states.
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