The L.A.-based energy firm estimates a 'net investment' of $250 million in the deal, in which one company criticized for its executive compensation practices will obtain another. Occidental Petroleum Corp. said today it will buy embattled Citigroup Inc.'s commodities trading unit, which has drawn fire for its compensation practices.

BING NEWS:
  • Lazard hires Citigroup's Miller in energy investment banking push, sources say
    Lazard has hired veteran Citigroup investment banker Chris Miller as a managing director to help drive its dealmaking efforts in the energy industry, people familiar with the matter told Reuters on ...
    12/3/2024 - 5:28 am | View Link
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