Home News WSJ: Saudi Aramco wants to buy engine oil manufacturer Valvoline

WSJ: Saudi Aramco wants to buy engine oil manufacturer Valvoline

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Saudi Arabia’s state-owned oil company Saudi Aramco has approached US engine oil producer Valvoline with a takeover bid.

According to her, the negotiations are at an early stage and it is too early to say that the deal has already been finalized.

The newspaper notes that Valvoline’s market value is estimated at $ 5.4 billion.

The Wall Street Journal has no further details on the takeover proposal.

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