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GATA''s great friend, novelist Arthur Hailey, dies at 84 at home in Bahamas
From Reuters
Friday, November 26, 2004
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh80999_2004-11-26_13-11-43_n26287327_newsml
TORONTO -- A Chinese government agency is eyeing
Husky Energy Inc., a Canadian-based company
controlled by Hong Kong billionaire Li Ka-shing, The
Globe and Mail newspaper reported on Friday.
The Globe, citing sources familiar with the talks, said
representatives from China and the Li family have been
in talks for several weeks concerning a takeover of
Canada's No. 5 oil producer and refiner.
The newspaper said resource-hungry China was looking
to acquire full control of Husky, known for its chain
of Husky and Mohawk gas stations. But it was not clear
which agency would bid.
Husky also has a dominant position in western
Canadian heavy crude production and processing and
is developing the White Rose oil field off the
Newfoundland coast, scheduled to start up in late
2005 or early 2006.
Chinese state-controlled PetroChina Co. Ltd. was
interested in Husky two years ago but talks broke
down over the price.
The Globe said a spokesman for Husky refused to
comment on the story.
Canada has attracted the attention of resource-hungry
China lately. China Minmetals Corp. is bidding for base
metals company Noranda Inc.
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