(Bloomberg) -- UBS AG has been hired by PetroChina
Co. to arrange what may become China's biggest share sale this
year, raising as much as $5.9 billion, people with direct
knowledge of the decision said.
UBS Securities Co., the China venture of Europe's largest
bank by assets, won a mandate for PetroChina's share sale, the
people said, asking not to be identified before an announcement.
China's largest oil producer plans to offer a maximum of 4
billion shares in Shanghai to raise funds for overseas
acquisitions, increased oil drilling and refinery constructions,
the company said June 20.
Read more at Bloomberg Currencies News
Co. to arrange what may become China's biggest share sale this
year, raising as much as $5.9 billion, people with direct
knowledge of the decision said.
UBS Securities Co., the China venture of Europe's largest
bank by assets, won a mandate for PetroChina's share sale, the
people said, asking not to be identified before an announcement.
China's largest oil producer plans to offer a maximum of 4
billion shares in Shanghai to raise funds for overseas
acquisitions, increased oil drilling and refinery constructions,
the company said June 20.
Read more at Bloomberg Currencies News
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