Aramco completes acquisition of Valvoline’s products business
Dubai, UAE-- Saudi energy giant Aramco has completed the acquisition of US motor and oil maker Valvoline's global products business for $2.65 billion. Under this acquisition, which comes after the two companies signed the share purchase agreement announced on 1 Aug 2022, Aramco hastens its aim to enter the integrated,...Aramco to complete $2.65bn buyout of Valvoline in 2023
Days after disclosing it had signed a $2.65 billion equity purchase agreement with Valvoline Global Products, Mohammed Y. Al-Qahtani, Aramco’s downstream senior vice president, told media that the oil giant will complete the buyout of Valvoline in early 2023.Aramco buys Valvoline’s petro unit
The Saudi oil giant acquired the company for $2.65bn.





