MADRID (dpa-AFX) - Addax Petroleum UK Limited (AXC.L) and Sinopec International Petroleum Exploration and Production Corporation have initiated arbitration proceedings against Talisman Energy Inc. (TLM.TO, TLM), currently Repsol Oil & Gas Canada Inc. and Talisman Colombia Holdco Limited. Addax and Sinopec seek repayment of their initial investment in TSEUK.
The claim, which has been periodically disclosed, is considered by Talisman and Repsol to be baseless.
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