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Oil company abandons buyout

Oil company abandons buyout (Credit: Arne Hückelheim)

Oil company gives up on Latin America expansion

Monday, 7 November 2011

Rosalind Donald

Argentine oil company Bridas has dropped its bid to buy BP’s 60 per cent stake in Pan American Energy, saying it was unable to gain a ruling on the deal from Argentina’s National Commission for the Defence of Competition (CNDC).

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