State-owned Philippine National Oil Co. has offered the sale of 40% stake in Petron Corp. to London-listed fund manager Ashmore Group for P6.85 per share, totaling to P25.69 bln. Petron said in a stattement that PNOC disclosed its intention to sell its 3.
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Tuesday, October 07, 2008
PNOC offers Petron stake to Ashmore
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