China Sinopec to buy stake in Talisman UK unit for $1.5 bln

BEIJING, July 23 Mon Jul 23, 2012 8:08am EDT

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BEIJING, July 23 (Reuters) - China's top refiner Sinopec Corp said on Monday it has agreed to buy a 49 percent stake in the UK unit of Canada's Talisman Energy Inc for $1.5 billion.

Talisman is Canada's No. 5 independent oil producer.

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