SAUDI BUYS SWEDEN"S BIGGEST OIL FIRM

Saudi businessman Sheik Mohammed Al-Amoudi has purchased Sweden's largest oil company, OK Petroleum AB, Stockholm, for 5.9 billion kroner ($750 million). The purchase, engineered by Corral Petroleum Holdings AB, Stockholm, was from a group of Swedish Cooperative Union & Wholesale Society 52%, Swedish government 24%, and Finland's Neste Oy 24%. "Our intention is that OK Petroleum should grow within its present area of business activities inside Sweden as well as in northern Europe," said

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home