VOL. XLIV

No. 28

9-July-2001

SAUDI ARABIA

Motor Oil (Hellas) To Sell 16.19% Stake To Investors

Motor Oil (Hellas) Corinth Refineries, in which Saudi Aramco acquired a 50% stake in 1995 (MEES, 10 April 1995), plans to raise up to Dr65bn ($160mn) by listing on the Athens Stock Exchange and selling 16.19% of its shares to investors through a public share offering. The subscription period is 10-13 July, with National Bank of Greece and HSBC the coordinating lead underwriters and HSBC and Piraeus...