Refiner SPC says PetroChina offers to buy all shares

Mon Jun 22, 2009 8:35am EDT
 
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SINGAPORE (Reuters) - Singapore Petroleum Co (SPC) SPCS.SI said on Monday PetroChina (0857.HK) will make a mandatory conditional cash offer to acquire all the issued and fully paid shares in SPC at S$6.25 each.

Singapore's Keppel Corp (KPLM.SI) said last month a wholly owned unit had sold its entire 45.5 percent stake in SPC to PetroChina for S$1.47 billion ($1.01 billion).

(Reporting by Harry Suhartono, editing by Neil Chatterjee)

 

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