Camerons in £3.5bn energy coup
Firm advises BP and National Grid on two ground-breaking acquisitions in oil, gas and electricity sectors
February 13, 2002 at 07:03 PM
2 minute read
CMS Cameron McKenna has completed a £3.5bn energy double advising BP and National Grid on two ground-breaking acquisitions in the oil, gas and electricity sectors.
On the first transaction, the firm advised BP on its £1.4bn disposal of the upstream oil and gas businesses of Veba Oil & Gas to Petro-Canada.
The BP disposal – which was conducted by way of auction – represents the largest single upstream opportunity to come onto the market since the sale of Arco Alaska in 2000.
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