Ssangyong Group To Sell Stake In Oil Refining Company
South Koreas Ssangyong Group, the countrys sixth-largestconglomerate, has announced that it will sell its 28.4% share of the Ssangyong OilRefining Co. The move is the latest in a year-long effort by Ssangyong to restructure andsettle debts by selling its assets. The Ssangyong Oil Refining Co. is the third-largest inKorea, with a capacity of 443,000 b/d and a 13% share of the Korean market. Saudi...