MIE Holdings seals deal to buy Canadian E&P assets

Hong Kong-listed MIE Holdings has signed a deal to buy Canadian oil and gas exploration and production assets.
By Staff reporter 9 June 2017 0 26309

Hong Kong-listed MIE Holdings has signed a deal to buy Canadian oil and gas exploration and production assets for C$722 million ($534 million).

A Canadian unit of MIE Holdings will buy CQ Energy Canada Partnership to diversify and grow its asset portfolio, the Hong Kong-listed company said in a regulatory filing on Friday.

MIE said it "constantly evaluates investment opportunities globally and is particularly drawn by Canada’s vast oil and natural gas resources".

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