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PetroChina Company Ltd: China’s big leap forward

Deals of the year: Tech and telecoms illustrate the ups and downs of 2000 Issuer: PetroChina Company LtdDeal: privatization IPOAmount: $2.9 billionDate: April 7 2000Co-ordinators: Goldman Sachs, CICC         Petrochina: showingthe country’sambition Restructuring China National Petroleum Corporation, one of the world’s largest state-owned oil companies, is China’s most ambitious privatization project to […]

January 1, 2000

Deals of the year: Tech and telecoms illustrate the ups and downs of 2000


Issuer: PetroChina Company Ltd
Deal: privatization IPO
Amount: $2.9 billion
Date: April 7 2000
Co-ordinators: Goldman Sachs, CICC

       
Petrochina: showing
the country’s
ambition
Restructuring China National Petroleum Corporation, one of the world’s largest state-owned oil companies, is China’s most ambitious privatization project to date. “China has not seen a restructuring on that scale before. CNPC was not only a company, it was an industry,” says Bin Guan, research analyst on oil and gas at CICC.




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