POLITICS

Nexen Canada And Progress Energy Deals Approved, Here Are The Facts

12/07/2012 06:10 EST | Updated 12/07/2012 06:12 EST
Alamy/AFP/Getty Images

Prime Minister Stephen Harper announced the approval of foreign takeovers of Calgary-based Nexen Inc. and Progress Energy Resources Corp. on Friday afternoon.

But what are the details of the deals that will see China's state-owned CNOOC Ltd. and Malaysia's state-owned Petronas take control of Nexen and Progress respectively.

Here are some quick facts about the two deals.

Details Of Nexen And Progress Energy Deals