Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 mln

Reuters

04/28

SINGAPORE, April 28 (Reuters) - Kuwait Petroleum subsidiary's acquisition of a 25% stake in China Wanhua Chemical's petrochemical business is valued at $638 million, Wanhua Chemical said on Monday.

Petrochemical Industries Company, a subsidiary of Kuwait Petroleum, announced the deal on Saturday, but did not give a value for the transaction.

PIC's investment is on the petrochemical unit of China's Wanhua Chemical 600309.SS.

Citigroup C.N is advising Petrochemical Industries Company on the acquisition.

(Reporting by Chen Aizhu and Siyi Liu in Singapore and Kane Wu in Hong Kong)

((aizhu.chen@thomsonreuters.com; Reuters Messaging: aizhu.chen.reuters.com@reuters.net))

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Reuters Messaging: aizhu.chen.reuters.com@reuters.net))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0188","symbol_name":"孖展沽空","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250428:nL4N3R60D5:1","article_id":"2530484417","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2530484417","pubTimestamp":1745818623,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 mln SINGAPORE, April 28 (Reuters) - Kuwait Petroleum subsidiary's acquisition of a 25% stake in China Wanhua Chemical","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600309":"万华化学","BK0188":"融资融券","LU1820825898.SGD":"Aberdeen Standard SICAV I - China A Share Equity A Acc SGD-H","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU1655091616.SGD":"JPMorgan Funds - China A-Share Opportunities A (acc) SGD","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BK0015":"沪股通50","BK0187":"一线龙头","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","BK0028":"国家队","BK4207":"综合性银行","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0106831901.USD":"贝莱德世界金融基金A2","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK0196":"行业龙头","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1146622755.USD":"安本中国A股股票基金A Acc","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","BK4566":"资本集团","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","BK0229":"化学制品","BK4559":"巴菲特持仓","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","BK4504":"桥水持仓","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK0183":"MSCI概念","BK4588":"碎股"},"translate_title":"科威特石油公司对中国万华化学子公司的股权投资价值6.38亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600309":0.9},"content_text":"Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 mln SINGAPORE, April 28 (Reuters) - Kuwait Petroleum subsidiary's acquisition of a 25% stake in China Wanhua Chemical's petrochemical business is valued at $638 million, Wanhua Chemical said on Monday. Petrochemical Industries Company, a subsidiary of Kuwait Petroleum, announced the deal on Saturday, but did not give a value for the transaction.PIC's investment is on the petrochemical unit of China's Wanhua Chemical 600309.SS.  Citigroup C.N is advising Petrochemical Industries Company on the acquisition.  (Reporting by Chen Aizhu and Siyi Liu in Singapore and Kane Wu in Hong Kong) ((aizhu.chen@thomsonreuters.com; Reuters Messaging: aizhu.chen.reuters.com@reuters.net))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}