Deal Insight
Sinopec acquires Syncrude stake from ConocoPhillips for US$4.65 billion
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Report summary
On 12 April 2010, ConocoPhillips announced the sale of its 9.03% stake in Syncrude to Sinopec for a consideration of US$4.65 billion. Due to the deal size and Sinopec's international status, the move invokes a Canadian Federal Government foreign investment review. If approved, the deal is expected to close in Q3 2010. The Syncrude sale is the most material portion of a divestiture package through which ConocoPhillips aims to raise US$10 billion. For Sinopec, the deal represents a ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- ConocoPhillips
- Sinopec
- Oil & gas pricing and assumptions
Tables and charts
This report includes 10 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal sensitivities
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Peer group gearing position
- Peer group production growth outlook
What's included
This report contains:
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