ARAMACO to buy Valvoline

[GON]

I am working in Thailand at the moment, just reported on local media that Oil giant Saudi Aramco is buying Valvoline Global for approximately 3.5 billion cash USD.

I did a web search and unable to verify.

 

[skyactiv]

Posted after you started the thread:

Valvoline fuels retail drive with $2.65 bln lubricants unit sale to Saudi Aramco

Valvoline Inc is selling its unit that makes lubricants, coolants and other automotive products to state-owned Saudi Aramco for $2.65 billion in cash to sharpen focus on its retail services business.

www.reuters.com

 

[Astro14]

Valvoline’s Lubricant Product Line to be Acquired by Saudi Aramco?

The Wall Street Journal reports Saudi Aramco may offer to buy Valvoline’s lubricants business. Valvoline has talked about separating its product division from its services/franchise business, so this makes some sense. Nothing definite, but this would likely be an unpopular outcome here..

bobistheoilguy.com

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