Samsung C&T confirms talks with Apollo over Parallel Petroleum
Samsung C&T Corp. confirmed Thursday that it is in talks to buy US oil company Parallel Petroleum from Apollo Global Management. In a statement to the South Korean Stock Exchange, Samsung C&T noted that the parties have yet to reach a definitive agreement.
The trading company spoke out in response to continued reports that it is considering a move for Parallel. According to local media, the deal could be worth about KRW1 trillion ($919.6 million). Apollo...
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