Sinopec shortlists bidders for US$20b retail stake

By Fergus Ryan

Chairman Fu Chengyu said in a statement Tuesday that the Sinpoec’s retail arm has huge potential and pointed to expansion opportunities. “While still continuing to develop its refined oil product business, Sinopec Sales will leverage its existing platforms and expand into new businesses including convenience retailing, car services, O2O, financial services, environmental protection and advertising” he said.

Read more here: Business Spectator


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