State-owned Korea National Oil Company's (KNOC) announced late Wednesday it will acquire Harvest Energy Trust for $4.1 billion (Cdn.) in a deal that enhances its North American growth strategy while securing oil and gas reserves for the country's import-dependent petroleum needs.Under the agreement, KNOC will buy all the issued and outstanding trust units of Harvest Energy for a total cash consideration of approximately $1.8 billion plus the assumption of $2.3 billion of debt."Korea National Oil Corporation is excited about this acquisition and believes Harvest is a perfect fit for KNOC's North American growth strategy. KNOC has ambitious plans for future growth and is committed to a long term investment strategy in Canada," said Young-won Kang, president of KNOC.
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机译：国有的韩国国家石油公司（KNOC）周三晚间宣布，它将以41亿美元的价格收购加拿大嘉实能源信托（Harvest Energy Trust），以增强其北美增长战略，同时确保该国依赖进口的石油需求的石油和天然气储备根据该协议，KNOC将以大约18亿美元的现金对价加上23亿美元的债务承担收购Harvest Energy的所有已发行和未偿还信托单位。“韩国国家石油公司对此收购感到兴奋，并认为Harvest是“非常适合KNOC的北美增长战略。KNOC制定了雄心勃勃的未来发展计划，并致力于在加拿大的长期投资战略。” KNOC总裁Young-won Kang说。
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