Brief: Saudi Aramco completes $2.65 billion acquisition of Valvoline Inc’s global products business -statement

Valvoline

01/03/2023 21:39

March 1 (Reuters) - Saudi Arabian Oil Co  2222.SE :
    * SAUDI ARAMCO COMPLETES $2.65 BILLION ACQUISITION OF
VALVOLINE
INC’S GLOBAL PRODUCTS BUSINESS (VALVOLINE GLOBAL OPERATIONS)
THROUGH ONE OF ITS WHOLLY-OWNED SUBSIDIARIES.
    * ARAMCO WILL NOW OWN THE VALVOLINE BRAND WITH RESPECT TO
THE
PRODUCTS BUSINESS, AND VALVOLINE INC. WILL OWN THE VALVOLINE
BRAND WITH RESPECT TO ITS RETAIL SERVICES BUSINESS.


 (Reporting by Alaa Swilam)
 ((Alaa.Swilam@thomsonreuters.com;))