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Brightoil Petroleum Holdings announces closing of substantial acquisition


Sunday, 10 Aug 2014 06:51am EDT 

Brightoil Petroleum Holdings Ltd:Announces that all conditions precedent set forth in stock purchase agreement with Kerr-McGee China Petroleum Ltd have been fulfilled or waived.Closing of acquisition took place on Aug. 8.Says final purchase price is approximately $1.046 billion (HK$8.124 billion).