in this issue
Markets :: Basic Chemicals :: Petrochemicals :: Para-xylene
Saudi Aramco to buy Hanjin Group out of S-Oil for $1.95 billion
July 2, 2014 | Natasha Alperowicz
Aramco Overseas Co. (AOC), a subsidiary of Saudi Aramco, confirmed today that it has agreed in principle to acquire Hanjin Group’s entire stake in S-Oil Seoul), comprising approximately 32 million shares, representing 28.4% of the issued and outstanding common shares of S-Oil, for a total of 1.98 trillion South Korean won ($1.95 billion). This share purchase will increase Aramco's ownership in S-Oil from 34.99% to 63.40%. The transaction is subject to formal agreements and regulatory approvals. Aramco said in January that it...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee