Sinopec chairman rules out Talisman takeover, WSJ says

theflyonthewall.com

Sinopec (SNP) chairman Fu Chengyu said that the company may look to expand its partnership with Talisman Energy (TLM) in the future but that takeovers of companies, including Talisman, is not part of the company's long term expansion plan, according to a Wall Street Journal report. Sinopec acquired a 49% stake in Talisman in July.

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