Tullow Chinese report may fuel takeover rumours, says analyst

Reports that the Chinese government has bought just under 1 per cent of Tullow Oil is likely to fuel takeover rumours, according to a briefing note from Merrion Stockbrokers.

14th November, 2011

Reports that the Chinese government has bought just under 1 per cent of Tullow Oil is likely to fuel takeover rumours, according to a briefing note from Merrion Stockbrokers.

Yesterday’s *Sunday Independent* newspaper reported that a Chinese government owned investment company owns almost nine million shares in Tullow, although itself has yet to report any significant shareholding.

“The news will fuel takeover rumours for Tullow and if true, it could indicate that CNOOC may...

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