Corporate Finance
The Evolution of China’s Energy Landscape: BP’s $1.68bn Divestment from SECCO to Sinopec
BP P.L.C. (BP:LSE) – market cap as of 05/05/2017: £88.41bn ($114.33bn) China Petroleum & Chemical Corp (0386:SEHK) – market cap as of 05/05/2017: HK$762.30bn ($97.93bn) Introduction On April 27, 2017, it was announced that BP had agreed to sell its 50% stake in the Chinese SECCO Petrochemical Company Limited (SECCO) Read more…