It is the first share swap between a national oil company and a private oil major.

这是第一次一家国有石油公司与一家私有石油巨头达成的股票互换协议。

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Cerberus Capital Management, a private equity company in New York, will buy an 80% share.

西伯·瑞斯资金管理公司，一个纽约私人股本公司将购买百分之八十的股份。

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Although the legal limits to foreign shareholding are being stripped away, there is still a reluctance to allow a private company a controlling share in a former state enterprise.

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"As a private company, we don't typically share information about our financial performance, " said the Facebook spokesman.

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Guangdong Kelon, China's largest private white-goods maker, was the first private company to list in Hong Kong, with a share issue in 1996.

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