CHINESE predators are said to be circling the Brazilian assets of energy company BG Group.
It is thought a state-owned Chinese oil group could take a minority stake in assets in the Santos Basin to help fund development of the discoveries.
Sector watchers argue this would be a way to unlock value for BG’s shareholders, Morgan Stanley and Deutsche Bank to name just two. BG’s shares have plunged from a high of £15.64 in March and are good value at their current price of around £12.83, said the Sunday Telegraph.