Saudi Aramco bolsters South Korean refining business with USD1.6bn Hyundai deal

Saudi Aramco bolsters South Korean refining business with USD1.6bn Hyundai deal
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29.01.2019

MOSCOW (MRC) --В Saudi Arabia's Aramco is paying up to 1.8 trillion won (USD1.6 billion) for a 19.9% stake in Hyundai Oilbank, in a deal that strengthens its hold on South Korea's refining industry while also providing a welcome cash injection for Hyundai Heavy Industries Group, the struggling South Korean shipbuilder, as per NIKKEI.Aramco already owns a 63% stake in South Korea's third-l

Full article at mrcplast.com

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