Philippines' Petron Corp., accounting for 40% of the nation's fuel requirement, has attracted JG Summit Holdings Inc. to buy the government's 40% stake in the company. JG Summit is not in a position tto increase their offer until the terms of reference for the sale of the government's stake in Petron has been released.
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Tuesday, July 15, 2008
Petron's 40% govt share attracts JG Summit's attention
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