Couche-Tard competes with strategics, PE firms in $16 bln Sinopec unit sale: Reuters
Canadian retailer Alimentation Couche-Tard Inc and China's Tencent Holdings Ltd are among suitors short-listed to buy a US$16 billion minority stake in China's Sinopec Sales Co Ltd, the world's largest fuel retail network, sources told Reuters. China Life Insurance Co Ltd, ENN Energy Holdings Ltd, Fosun Group, Hopu Investment Management and Affinity Equity Partners have also progressed to the next round. State-run Sinopec plans to sell up to 30 percent of Sinopec Sales this year as Beijing restructures government-owned assets.
19 August 2014•3 mins read
