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Search results for “Glencore”
Global oil trader sells storage assets to HNA Group
04/01/2017
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3:36:10 PM
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Glencore PLC, one of the world’s biggest oil traders, has agreed to sell a majority stake in its petroleum products storage and logistics business for USD 775 million in cash to Chinese conglomerate HNA Group.
HNA slows M&A pace after US$50b buying spree in past 2 years
06/06/2017
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8:49:20 PM
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As the global market is increasingly complicated, the HNA Group will slow down in making acquisitions, having amassed overseas assets to make up 30% of its portfolio that contribute to half of the group’s revenue.
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