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Repsol paying up to US$46.5m for 40% stake in United Global unit

United Global CEO Jacky Tan and Repsol commercial businesses and chemicals executive MD Maria Victoria Zingoni at the signing ceremony for the deal.


GLOBAL energy company Repsol Downstream Internacional has made its first foray into South-east Asia by buying a substantial stake in a unit of Catalist-listed lubricant manufacturer and trader United Global Ltd for up to US$46.5 million.

Repsol will acquire a 40 per cent...

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