SEOUL: The biggest shareholder in South Korean oil refiner Hyundai Oilbank says state-owned Saudi Aramco has agreed to buy a 17% stake in its oil processing operations for 1.4 trillion won (US$1.24bil).
Hyundai Heavy Industries Holdings said in a regulatory filing that it had signed a sales agreement with Saudi Aramco that included an option for Aramco to buy an additional 2.9% stake in Hyundai Oilbank.
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