Petrochina completes acquisition of Singapore Petroleum stake
PetroChina Co. said it has today completed the purchase of 45.5 percent stake in Singapore Petroleum Co. and will make a buyout offer for the balance of the shares.
PetroChina will offer S$6.25 in cash per Singapore Petroleum share under the offer, which it is required to make under Singaporean regulations.
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Category: ResourceAsia
