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SNP China Petroleum and Chemical Corp

45.66
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
China Petroleum and Chemical Corp NYSE:SNP NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 45.66 0 01:00:00

Sinopec Said Working With Goldman Sachs on $30 Billion Unit Sale-Bloomberg

03/04/2014 6:36pm

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China Petroleum and Chem... (NYSE:SNP)
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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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