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Saudi Arabian Oil Co: SAUDI ARAMCO - ARAMCO AND PETRONAS ANNOUNCE TRANSFER OF FULL OWNERSHIP OF PREFCHEM TO PETONAS.
Petronas has acquired full ownership of PRefChem from Saudi Aramco.
KEY POINTS
- The transfer makes PRefChem a wholly owned subsidiary of Petronas Group.
- Saudi Aramco and Petronas will continue exploring strategic cooperation after the ownership transfer.
- The transaction terms for Aramco's equity transfer to Petronas were mutually agreed.
COMPANIES
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