20 foreign giants eye stake in Vietnam’s PV OilVietNamNet Bridge - Nineteen companies have registered to buy a stake in PV Oil to become strategic shareholders when PV Oil launches its IPO, slated for early next year, according to a representative from PV Oil. PV Oil plans to launch IPO in early 2018Investors must have stockholder equity of at least VND2 trillion. Duong explained that if PV Oil buys products from BSR, it will be able to save on transport and storage costs. PV Oil now has 540 filling stations across the country and 3,000 agents/general agents and 120 stations in Laos. Under Decision No 1979, PV Oil will sell a part of the state’s capital.

Source: VietNamNet News December 22, 2017 05:37 UTC