The Philippine Government is to shortly arrive at a decision regarding its 40% stake in Petron Corp., held through Philippine National Oil Co. The Government is considering to let go of it by bidding it out to private entities, and will arrive at a decision in the second half of the year. The possibility of divestment is on the cards, but no decision either way had been made yet.
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Wednesday, April 16, 2008
Philippine Govt to mull sale of balance 40% stake in Petron
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