China: PetroChina to Sells Stakes in Three Service Station Networks
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Friday, 12 December 2008 |
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PetroChina has put up its shareholdings in three gas station companies
in a binding asset package for sale at the China Beijing Equity
Exchange, as per industry sources.
PetroChina plans to sell a 100% stake in a liquefied gas and
petroleum company in Dalian Economic and Technical Development Zone, a
75% stake in Shanghai Zhongyou Taihe Service Station Co Ltd, and a
35.64% stake in Shanghai Oil and Gas Bailianjing Service Station Co.
Ltd, at exchange price of RMB 71.6856 million, RMB 4.5631 million, RMB
1.3285 million, respectively.
PetroChina, the effective controller of these stakes, plans to sell
these assets in a package, according to the auction announcements
released by the direct holding companies of the three companies.
PetrolWorld 111208
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