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FINANCIAL NEWS
Oman Oil eyes 40% in UAE’s Lubechem
22 Jul 2013
(MENAFN) Oman Oil Marketing Company is in talks to acquire a 40% stake in Lubechem International Industry for USD408,386, Times of Oman reported.
The primary business purpose of Lubechem is the manufacturing and blending of greases, lubricants and chemicals.
Oman Oil seeks to enhance the ability in its lubricants vertical supply chain integration process, the company said in a statement.
The transaction is expected to be concluded within the next 30 days.
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