Summary
FORTUNE Oil is expected to announce this week plans to sell a 30 per cent stake in its gas business.
Interested parties in the [pounds]200 million Chinese oil and gas distribution and exploration business are likely to include Kerry Holdings, the Kuok Group's main investment vehicle in Hong Kong. In July, Kerry Holdings paid [pounds]9.9 million for a five per cent stake in Fortune Oil.See the full content of this document
Extract
Fortune to Sell Chinese Gas Stake
The sale of part of the gas business is expec...
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