CNOOC completes $15.1-billion takeover of Nexen

Chinese state-owned firm CNOOC Ltd. has completed its $15.1-billion (U.S.) takeover of Calgary oil and gas producer Nexen Inc.

Nexen shares are expected to be delisted from the Toronto Stock Exchange in a few trading days.

Kevin Reinhart, who had been serving as interim CEO, will continue in the top job.

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