PVOIL announces shortlist of strategic investorsThe PetroVietnam Oil Corporation (PVOIL), an subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has selected four investors who are qualified to become strategic shareholders of the firm, PVOIL General Director Cao Hoai Duong said at a meeting with its shareholders on May 22. The PetroVietnam Oil Corporation (PVOIL) has selected four investors who are qualified to become strategic shareholders of the firm. One of the criteria is that strategic investors have to allow PVOIL to purchase products manufactured by Dung Quat and Nghi Son refineries for ten years. If approved, PVOIL will auction its shares to strategic investors on the Ho Chi Minh Stock Exchange to assure publicity and transparency. Earlier, eight investors were enticed to PVOIL shares, including Sovico Holdings, Shell, Idemitsu, Kuwait Petroleum International, Puma, SK, PTT and Sacom Investment Fund.-VNA

Source: VietNamNet News May 23, 2018 03:45 UTC