Samsung C&T Corp., a South Korean trading and construction company, said Wednesday that it has taken over a U.S. energy firm along with the country's state-run oil developer in a bid to expand its energy business in the U.S. market. Samsung C&T purchased a 90 percent stake in Parallel Petroleum LLC from its owner PLLL Holdings LLC with the Korean National Oil Corp. holding the remaining 10 percent, said the South Korean company. Samsung C&T did not elaborate on further details of the contract, including the value of the deal.
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LEAD S. Korean firms offer aid for quake-hit IndonesiaMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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