(EnergyAsia, July 8 2014, Tuesday) — Saudi Aramco said its subsidiary, Aramco Overseas Company BV (AOC), will become the new majority owner of South Korea’s S-OIL Corporation when it completes its proposed buy-out of the Hanjin Energy Company’s entire 28.4% stake for nearly 1.983 trillion won. (US$1=1,010 won). The Saudi state-owned firm will raise its…
SOUTH KOREA: Hanjin Group sells 28.4% stake in S-Oil to Saudi Aramco subsidiary for 1.98 trillion won
Posted on July 8, 2014 by EnergyAsia