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Abu Dhabi’s Taqa offers C$5bn for PrimeWest

By Bernard Simon in Toronto and Stephanie Kirchgaessner in Washington

Published: September 25 2007 03:30 | Last updated: September 25 2007 03:30

Abu Dhabi National Energy has made a friendly C$5bn ($4.9bn) offer for PrimeWest Energy Trust, a Calgary-based oil and natural gas producer, which could be scrutinised by the US.

Besides operations in Alberta, PrimeWest last year bought oil and gas properties in the US states of Montana, North Dakota and Wyoming.

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