Finance / China
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Chinese Fund Buys Stake in BP
April 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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A Chinese government entity has acquired a 1% stake in British Petroleum (BP), a leading oil company and the UK's largest company. BP's current market capitalisation is US$204bn, which could value the 1% stake at nearly US$2bn.