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Monday, 08 September, 2008, 17:50 GMT | more prices >>

Taqa closes PrimeWest takeover



By Upstream staff 

Abu Dhabi National Energy Company (Taqa) has closed on its C$4.6 billion (US$4.5 billion) acquisition of PrimeWest Energy Trust.

PrimeWest chief executive Don Garner has been appointed as chief executive Taqa subsidiary of Taqa North, which carried out the acquisition.

Taqa said that Garner will be responsible for leading the integration of PrimeWest into Taqa North.

Taqa chief executive Peter Barker-Homek said: "PrimeWest is undoubtedly a great addition to Taqa North's existing operations in Canada, providing further scale to help us capitalise on new and diverse development opportunities."


Wednesday, 16 January, 2008, 19:30 GMT  | last updated: Wednesday, 16 January, 2008, 19:31 GMT

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