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Sinopec-Daylight Energy acquisition

US$2,100.00 m
  • Entry date - Wednesday, 23 November 2011
  • Jurisdiction - China, United States Minor Outlying Islands
  • Practice - .
  • Sinopec-Daylight Energy acquisition

  • Firm
    Bennett Jones
  • Client
    Sinopec
  • Lead Lawyers
    John Kousinioris, Jon Truswell
  • Role
    International counsel to acquirer
  • Firm
    Blake, Cassels & Graydon
  • Client
    Daylight Energy
  • Lead Lawyers
    Chad Schneider
  • Role
    International counsel to target
  • Firm
    Vinson & Elkins
  • Client
    Sinopec
  • Lead Lawyers
    David Blumental, Jay Kolb
  • Role


DEAL SUMMARY
·         Sinopec to buy Canadian oil and gas explorer Daylight Energy for $2.1 billion

·         Deal underscores China’s quest to secure enough energy resources to support its booming economy

·         Vinson & Elkins previously advised Sinopec on its 2009 acquisition of Canadian company Addax Petroleum worth $8.8 billion


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