Canada plans to ask China to allow several transactions in exchange for approval of Cnooc’s...

|By:, SA News Editor

Canada plans to ask China to allow several transactions in exchange for approval of Cnooc’s (CEO) $15.1B bid for Nexen (NXY), Bloomberg reports. The list of deals by Canadian companies in China underscores that reciprocity will be part of foreign investment policies PM Stephen Harper’s government will release soon.