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  1. Sinopec smacked as reform stays too close to home

    Headlines

    Mon, 15 Sep 2014

    Investors are underwhelmed by Sinopec 's ( SNP -5.5% ) plan to sell a $17.5B ..... clout to press for meaningful changes. SNP 's story will now return to its business ..... James Hubbard; on the plus side, SNP is selling lower-sulfur fuels to

  2. Sinopec to use $17.5B raised from sale to strengthen retail business, reduce debt

    Headlines

    Mon, 15 Sep 2014

    After announcing the sale of a $17.5B stake in its retail unit to investors, Sinopec (NYSE: SNP ) now says it will use the cash toward optimizing its retail fuel business, boosting its non-fuel sales and paying down debts

  3. Sinopec says sells stake in retail unit

    Headlines

    Sun, 14 Sep 2014

    BEIJING, Sept 14 (Reuters) - China Petroleum and Chemical Corp, known as Sinopec , has agreed to sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign...

  4. Sinopec , PetroChina turn upbeat on Chinese shale gas

    Headlines

    Fri, 29 Aug 2014

    China energy heavyweights Sinopec (NYSE: SNP ) PetroChina (NYSE: PTR ) have raised their outlook ..... near-term boom. Costs are coming down sharply, SNP Chairman Fu Chengyu said at the company's H1 results briefing earlier

  5. Wall Street Breakfast: Telefonica, Telecom Italia In Bidding War For Vivendi's GVT

    Headlines

    Thu, 28 Aug 2014

    Commerce stopped short of truly opening the market, since the new license does not actively pose a threat to China’s Sinopec (NYSE: SNP ) and PetroChina (NYSE: PTR ). Included in its WTO commitments, China allocates about 10% of its crude imports

  6. China grants crude import license to non-state company

    Headlines

    Thu, 28 Aug 2014

    Commerce stopped short of truly opening the market, since the new license does not actively pose a threat to China’s Sinopec (NYSE: SNP ) and PetroChina (NYSE: PTR ). Included in its WTO commitments, China allocates about 10% of its crude imports

  7. Sinopec retail spinoff draws interest from China Life, ENN

    Headlines

    Wed, 27 Aug 2014

    Sinopec 's (NYSE: SNP ) attempt to spin off 30% of its retail ..... announce their intention to invest in the SNP unit. SNP is seeking to raise as much as 100B ..... by selling part of its stake in the Sinopec Sales unit, which opoerates more than

  8. Analysts grow cautious over Sinopec's lack of timing on retail divestment

    Headlines

    Tue, 26 Aug 2014

    Sinopec ( SNP +0.4% ) continues to move higher after ..... news of 37 bidders vying for a 30% stake in SNP 's profitable retail business, but analysts ..... turning cautious on the stock. UBS removes SNP from its Key Call list (though it maintains

  9. Sinopec shortlists 37 bidders for stake sale in retail unit

    Headlines

    Mon, 25 Aug 2014

    Sinopec ( SNP +2.6% ) says 37 companies ..... Instead of boosting efficiency, SNP so far looks like it is reorganizing ..... this is as good as it gets for SNP 's reforms, China investors ..... however, after Chairman Fu Chengyu , in discussing SNP 's 8

  10. Couche-Tard nixes report of interest in Chinese retail network stake

    Headlines

    Wed, 20 Aug 2014

    ANCUF ) says it not pursuing a stake in China's Sinopec Sales ( SNP , SHI ), refuting an earlier report that it is among ..... since a stake would give investors little control over Sinopec ; Couche-Tard founder and CEO Alain Bouchard is a

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