The Philippine Competition Commission (PCC) has cleared the proposed acquisition by Aramco Asia Singapore Pte. Ltd. of a 25 percent interest each in Unioil Petroleum Philippines, Inc. and Unioil Energy Pte. Ltd. a move that is poised to enhance competition in the country’s petroleum market.
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The Securities and Exchange Commission has approved the merger of Uniholdings Inc. (formerly Chemical Industries of the Philippines Inc.) with six companies and its capital increase to pave the way of the backdoor listing of the Unioil group’s real estate firms. At the company’s Annual...
Saudi Arabia's Aramco, a global energy leader, is investing in Unioil Petroleum Philippines, Inc., bolstering the 58-year-old company's growth and solidifying its position as a leading fuel retailer. In a statement, Unioil confirmed that Aramco, which divested its stake in Petron Corp. nearly two...
After divesting its stake in Petron Corporation in 2008, trillion-dollar energy giant Saudi Aramco is reportedly plotting a re-entry into the Philippine energy sector. According to a highly placed source, this will be through a prospective merger and acquisition (M&A) deal with one of the...
Fuel distributor and retail company Unioil Petroleum Philippines, Inc. has expanded its terminal operations from Luzon to Cebu, aiming to provide accessible and cleaner oil in the Visayas region. In a statement, Unioil announced the opening of its new fuel terminal in Brgy. San Isidro, San...