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

16:21 PM | July 21, 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,...