venture named Triton LNG Limited Partnership, to export Alberta LNG to Japan. In February, ExxonMobil took over Celtic Exploration Ltd. in a deal valued at bn because of holdings in the Duvernay Formation. Also in February, CNOOC (a Chinese SOE) purchased for bn Nexen Canada In June, the H. J. Heinz Company was sold to Berkshire Hathaway and 3G Capital of Brazil for bn. The deal had been agreed in February of that year. Included in this deal was the Heinz tomato ketchup plant in Leamington, which later was closed in November 2013, after the October announcement by McDonald's that they would stop serving Heinz products in their restaurants, because the CEO hired by Heinz, Bernardo Hees, was then vice-chairman of Burger King, which was at the time owned by 3G Capital. In November, Talisman Energy sold 75% of its Montney Formation gas holdings to Petronas SOE for bn. The transaction involves 127,000 acres. Also in November, Petronas SOE 90% subsidiary Pacific Northwest LNG announced its plans to build a bn LNG terminal on Lelu Island. The plant is still in its early design phases; only 25 employees have been hired. On December 16, it was announced that Reynolds Consumer Products Inc., subsidiary of Rank Group Ltd. of New Zealand, planned to purchase aluminum products manufacturer Novelis, subsidiary of Hindalco of India for mn. On December 24, Sherritt International divested itself of Alberta and Saskatchewan coal properties valued at mn to the benefit of Colorado-based Westmoreland Coal Also in December, EnCana (now Ovintiv) and PetroChina SOE formed a 50.1-49.9 joint venture (total bn) to develop the Duvernay Formation in Alberta. 2014 On January 31, Norwegian SOE Statoil and Thailand SOE PTTEP announced their plan to split their 60-40 joint-venture in the Kai Kos Dehseh oilsands project, so that they would each control 100% of their own leasehold properties. PTTEP spent $2.3bn on the joint venture in 2011. PTTEP got the "Thornbury", "Hangingstone" and "South Leismer" leases, while Statoil obtained the "Leismer" and "Corner" properties and was to pay $200mn to PTTEP. However, in September, Statoil postponed its investment in the "Corner" project. On February 12, Mexican baker Grupo Bimbo announced a $1.83bn takeover of Canada Bread, a publicly traded corporation which had been controlled by Maple Leaf Foods. Canada Bread sales in 2013 were estimated at $1.6bn, and its employees numbered 5,400. By contrast, Bimbo employs 126,000 people at 144