Aramco Gets 17% Stake in Hyundai Oilbank From Hyundai Heavy Industries Holdings

摘要

Seoul— Saudi Aramco, through its Aramco Overseas Co. subsidiary, has completed the acquisition of a 17% interest in Hyundai Oilbank from Hyundai Heavy Industries Holdings, for about $1.2-billion (PCN, 22-29 Apr 2019, p 2). "The investment in South Korea's Hyundai Oilbank supports Saudi Aramco's downstream growth strategy of expanding its global footprint in key markets in profitable integrated refining, chemicals and marketing businesses, which enable Saudi Aramco to place crude oil and leverage its trading capabilities," said Aramco.