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Sinopec Clinches Good Price for Galp Brazil Stake

Nov 14, 2011

The China National Petrochemical Corp’s is seen obtaining an attractive price after purchasing a 30% stake in the Brazilian operations of Portugal’s Gap for $3.54bn, marking yet another step into Latin America by the company better-known as Sinopec. “Sinopec got a good deal, and it seems less...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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