By August 2008, Ashmore Group is expected to join the board of Petron Corp., Philippine's largest oil refiner. Currently, both PNOC and Aramco each have four nominee directors on Petron's board. Upon completion of the transaction, Aramco's nominees will step down and be replaced by Ashmore nominees.
For more details on Ashmore Group to enter Petron Corp. board by August click here
Saturday, May 24, 2008
Ashmore Group to enter Petron Corp. board by August
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