Cairn Energy set to hold out for full price in Indian deal
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Cairn Energy set to hold out for full price in Indian deal

Edinburgh : United Kingdom | May 31, 2011 at 4:17 PM PDT
Source: The Scotsman
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Energy is expected to hold firm on price as the potential buyer of a stake in its Indian subsidiary considers revising down its bid...It has been estimated ministers' demands to make royalties paid by Cairn India's state-owned partner "cost recoverable" would hit revenues by an estimated $908 million... FULL ARTICLE AT The Scotsman
 
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