IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Saudi Aramco to buy Hanjin Group out of S-Oil for $1.95 billion

6:52 AM MDT | July 18, 2014 | —Natasha Alperowicz

Aramco Overseas Co. (AOC), a subsidiary of Saudi Aramco, says 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). The 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 would be interested in buying Hanjin...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa