The Traderszone Network

Published in TZ Latest News 19 August, 2014 by The TZ Newswire Staff

Canada’s Couche-Tard makes short-list in $16 billion Sinopec unit sale: sources

HONG KONG/BEIJING (Reuters) – Canadian retailer Alimentation Couche-Tard Inc and China’s Tencent Holdings Ltd are among suitors short-listed to buy a $16 billion minority stake in China’s Sinopec Sales, the world’s largest fuel retail network, people familiar with the matter told Reuters. China Life Insurance Co Ltd, the nation’s biggest insurer, Hong Kong-listed ENN Energy Holdings Ltd, privately-owned Fosun Group, Hopu Investment Management and Affinity Equity Partners have also progressed to the next round, said the people who declined to be identified as the sale process is confidential.