Aramco to acquire 20% stake in Reliance’s refining and chemicals business for $15 billion...

摘要

Reliance Industries announced today that Saudi Aramco is to take a stake in Reliance’s refning and chemicals business. The companies have been in talks since April. Announcing the news at Reliance’s annual general meeting (AGM) in Mumbai, India, chairman and managing director Mukesh Ambani described the refning and chemicals division as Reliance’s most valuable business. He said that in the last fscal year, the business reported revenue of 5.7 trillion Indian rupees ($80.2 billion), exports of Rs2.2 billion, and EBITDA of Rs520.4 million.