Sinopec Said Working With Goldman Sachs on $30 Billion Unit Sale-Bloomberg
April 03 2014 - 12:36PM
Dow Jones News
China Petroleum & Chemical Corp. (600028.SH) is working with
Goldman Sachs Group Inc. (GS) on the sale of a portion of its
retail assets, Bloomberg reported Thursday, citing people with
knowledge of the matter.
The sale of a 30% stake in the retail unit could raise as much
as $30 billion for Beijing-based Sinopec, two of the people said.
China International Capital Corp. is also advising on the asset
restructuring, they said.
Full story at
http://www.bloomberg.com/news/2014-04-03/sinopec-said-to-pick-goldman-sachs-for-30-billion-retail-sale.html
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