SINGAPORE:Singapore Petroleum Co Ltd (SPC) said it has agreed to buy BP Singapore's network of 30 service stations in Singapore and a 70% stake in liquefied petroleum gas (LPG) distributor BP-Wearnes Gas Pte Ltd for a total of US$70mil.
“The acquisition of BP Singapore's retail and LPG businesses is in line with the group's long-term strategy of growing and enhancing its downstream businesses,” SPC chief executive officer Koh Ban Heng said.
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