Sinopec and China National Aviation Fuel Group to conduct reorganization

Reuters01-08

Sinopec and <a href="https://laohu8.com/S/688128">China National</a> Aviation Fuel Group to conduct reorganization

BEIJING, Jan 8 (Reuters) - China's state council has approved a reorganization between Sinopec 600028.SS and China National Aviation Fuel Group, state asset regulator said on Thursday in a statement without providing any details.

The world's largest refiner by capacity, Sinopec Group, was in talks to buy the country's dominant jet fuel distributor CNAF in a government-initiated move, Bloomberg News reported last November.

(Reporting by Shi Bu, Ethan Wang and Liz Lee; Editing by Alex Richardson)

((Shi.Bu@thomsonreuters.com;))

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The world's largest refiner by capacity, Sinopec Group, was in talks to buy the country's dominant jet fuel distributor CNAF in a government-initiated move, Bloomberg News reported last November.  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