ONGC Videsh Ltd(OVL)has paid 2.1-bn for taking over UK-listed Imperial Energy and will invest another 500-600 million in the company's assets in the western Siberian region of Russia to raise production to 80,000 barrels per day by 2012.OVL paid 1.9-bn to equity shareholders of Imperial and the remaining to the company's bond holders.With the acquisition of Imperial,OVL's overseas assets would rise to 40 in 17 countries.The company had begun with one asset in Vietnam seven years ago.
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