
Category winner: The Acquisition Experiences of KazOil
The case |
Who – the protagonistsNurlan Ospanov, Head of Corporate Finance at KazOil.
What?
KazOil is an oil production company based in the oil-rich former Soviet state of Kazakhstan. KazOil is currently under Chinese ownership, who bought it for $4.2 billion from Canadian firm Hydrocarbons. Why?Compared to the previous Canadian owners, who worked closely with staff and involved them in decision making, the latest Chinese bosses were sticklers for bureaucracy, hierarchy and set rules and practices, often cutting out the local managers and general staff. Within the first two years of the acquisition, many local managers had left. Nurlan was contemplating how to improve working conditions under the current owners.
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The Acquisition Experiences of KazOil |
The authors |
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