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CNOOC Nexen bid 'will go through'

Energy giant CNOOC's $15.1bn bid to buy Canada's Nexen is the biggest foreign acquisition to date by a Chinese company.

China's state oil company CNOOC $15.1bn (£9.6bn) offer to buy Canada's Nexen is the biggest foreign acquisition to date by a Chinese company.

The BBC's Rico Hizon spoke to Thomas Hilboldt, regional head of oil and gas research, for HSBC in Hong Kong, who says the odds are in favour of CNOOC.