Govt decides against matching Ashmore Group's offer to buy Saudi Aramco's 40% stake in Petron Corp.

The government's Philippine National Oil Co. (PNOC) decided against exercising its right to match Ashmore Group's offer to buy Saudi Aramco's 40% stake in oil refiner and retailer Petron Corp. PNOC owwns another 40% stake in Petron.

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