DNO International plans C$216.8 million offer for Calvalley Petroleum
(Reuters) - Norwegian oil and gas company DNO International ASA (DNO.OL) plans to offer C$216.8 million in cash to Calvalley Petroleum Inc (CVIa.TO) to add reserves in Yemen.
DNO said it plans to offer C$2.30 per class A common share of Calgary-based Calvalley.
(Reporting by Shounak Dasgupta in Bangalore; Editing by Don Sebastian)
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.