seeking-buyers
Exclusive: BP seeks buyers for China petchem JV stake in up to $3 billion deal – sources
August 9, 2016 by elegant · Leave a Comment
By Arno Schuetze and Denny Thomas FRANKFURT/HONG KONG (Reuters) – British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters. BP has hired an investment bank to sell its shareholding in SECCO as part of a drive to cash out of businesses where it lacks control, the people added. A successful deal would mark BP's first significant exit …
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Exclusive: BP seeks buyers for China petchem JV stake in up to $3 billion deal – sources