Bracewell’s Jason Fox recently spoke with Energy Voice reporter Ed Reed about China looking for opportunities in Africa from distressed sellers.
“Given the number of distressed sellers that will emerge, this likely will derail programmes by majors to sell assets in the upstream,” said Fox. “There has been a surge of capital market issues by majors and some cutting of dividends. These companies are shoring up their balance sheets and, for sure, part of the rationale will be in order to be able to take advantage of M&A opportunities.”
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