Blackstone and Warburg Pincus-backed Kosmos Energy receives $5 billion bid from CNOOC
China National Offshore Oil Corp. (CNOOC), China’s third largest oil SOE, and Ghana National Petroleum Corp. have jointly bid in cash to acquire the Ghanaian assets of Kosmos Energy, whose Dallas-based parent is controlled by Warburg Pincus and the Blackstone Group - itself an investee of SWF the China Investment Corporation (CIC).
The deal size was said about $5 billion - an advance on the $4 billion offered by ExxonMobil earlier. Talks between CNOOC and Ghana National were said to be at an advanced stage. The contending bidders...
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