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Home / Capital / Company News

Spain's Repsol to buy 40% stake in United Global subsidiary to expand into Southeast Asia

Company in the news

Spain's Repsol to buy 40% stake in United Global subsidiary to expand into Southeast Asia

Amala Balakrishner Published on Fri, Oct 04, 2019 / 6:30 AM GMT+8

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SINGAPORE (Oct 7): Catalist-listed lubricant manufacturer and trader United Global has sold a 40% stake in its subsidiary United Oil to Repsol Downstream Internacional, part of Spanish oil giant Repsol for US$46.5 million ($64 million).

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