Venezuela and China deepen ties with ‘landmark’ financing
The US$1.5 billion financing deal is a first for both companies and deepens ties between Venezuela and China. (Credit: L2F1)
PDVSA has turned to Hogan Lovells to help secure financing of US$1.5 billion from the Industrial and Commercial Bank of China (ICBC), amid speculation that the Venezuelan state-owned oil company also intends to list shares in one of its operations on the Hong Kong stock exchange.
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