VOL. XLIII

No. 41

9-OCTOBER-2000

SAUDI ARABIA

Motor Oil (Hellas) To Sell 25% 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 more than Dr100bn ($260mn) by listing on the Athens Stock Exchange and selling 25% of its shares to investors. The two Motor Oil shareholders, the Vardinoyiannis Group and Saudi Aramco, will each sell a 10% stake, while another 5% will be offered through an increase in equity...