Sinopec to sell $17.5 bln retail stake - Reuters

State-controlled oil giant Sinopec Corp has unveiled a plan to sell a $17.5 billion stake in its retail business, writes Reuters. Sinopec's retail unit will issue new shares to a group of 25 financial companies like insurers and funds and raise 107.1 billion yuan ($17.5 billion), the company said in a filing.

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