The Business Times
business-time-50

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

Claudia Tan HS

Published Mon, Sep 30, 2019 · 09:50 PM

    Singapore

    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 stake in United Global's wholly-owned subsidiary, United Oil Company Pte Ltd, for an initial cash consideration of US$36.5 million, with a further US$10 million payable depending on the delivery of revenue-related earn-out targets for FY2023.

    united global

    TRENDING NOW

    IMDA has yet to advise Simba on what consequences should follow should it find that spectrum has been misused, notes Tuas.

    Simba admits exceeding spectrum limits amid failed M1 deal; parent company Tuas’ full-year profit surges 277%

    Third-generation owner Dawn Loo now manages the business’ social media, building brand awareness and attracting younger customers.

    ‘Our bread and butter’: Family-run Loo’s Hainanese Curry Rice hands reins to third generation

    StarHub and M1 were reported to have explored a potential merger in 2024, but no deal materialised then. 

    StarHub, Keppel confirm talks over potential M1 deal

    Grab CEO Anthony Tan has purchased shares worth US$30 million, filings to the US Securities and Exchange Commission show.

    Grab executives buy back shares after stock hits 3-year low on Atome deal

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More