(EnergyAsia, December 6) — Holding company China Aviation Oil Holding Company (CAOHC), BP Investment Asia Ltd and Temasek Holdings subsidiary Aranda Investments Pte Ltd have agreed to buy a combined 59.1% stake in financially troubled China Aviation Oil Singapore Corp Ltd (CAO) for a total of US$130 million. In a statement, CAO said it has…
SINGAPORE: CAOHC, BP and Temasek subsidiary to invest US$130 million in CAO
Posted on December 6, 2005 by EnergyAsia